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How much will be in the account after ten years

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Reference no: EM131627694

Question: Bob Paris opens a retirement income account paying 5% annually. He deposits $3,000 at the beginning of each year.

(a) How much will be in the account after ten years?

(b) When Bob retires at age 65, in 19 years, how much will be in the account?

Reference no: EM131627694

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