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You decide to open an individual retirement account (IRA) at your local bank that pays 12%/year/year. At the end of each of t
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Answer #1

Withdrawal amount = 2000 * (F/A, 12%,40) *(F/P, 12%,2)*(A/P, 12%,30)

= 2000 * 767.0914 * 1.2544 * 0.124144

= 238911.86

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