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Problem 1: Beth began working age 20, and making annual contribution to IRA of 6,000 each year, until age 32. ( 12 contributions) she left work to stay home. She left IRA invested and plans to draw at 65. IRA accounts grow at 8% annual rate/ no taxes or inflation. How much Beth have invested age 32. How much Beth had age 64?
Financial Statement Analysis and Preparation
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