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If You Open an IRA and Invest $3,000 a Year

Question 34

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If you open an IRA and invest $3,000 a year (at the end of the year), how much will be in the account after twenty-five years if the funds earn 5 percent annually? How much would be in the account if payments were made at the beginning of the year?

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If the funds are invested at the end of ...

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