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Accumulated over a period of 25 years

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Reference no: EM132012658

1) How much will you have accumulated over a period of 25 years if, in an IRA which has a 10% interest rate compounded monthly, you annually invest: a. $1 b. $3000 c. $12,000 d. Part (a) is called the effective yield of an account. How could Part (a) be used to determine Parts (b) and (c)?

Reference no: EM132012658

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