Essay
You open an individual retirement account (IRA) with a mutual fund and contribute $1,000 into the account each year. How much will be in the account after 20 years if the investment earns 7% annually?
Correct Answer:
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$1,000(40.995) = $40,995
40.99...View Answer
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Correct Answer:
Verified
$1,000(40.995) = $40,995
40.99...
40.99...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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