Investing in an individual retirement account

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A new engineer is considering investing in an individual retirement account (IRA) with a mutual fund that has an average annual return of 10%.What is the future worth of her IRA at age 65 if she makes annual investments of $2000 into the fund beginning on her 25th birthday? Assume that the fund continues to earn an annual return of 10%.

Reference no: EM131809279

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