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Al the age of 27 to save for retirement, you decide to deposit $10 at the end of each month in an IRA that pays 6% compounded
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Answer #1

1.
=10/(6%/12)*((1+6%/12)^(12*(65-27))-1)=17442.5917300623

2.
=10/(6%/12)*((1+6%/12)^(12*(65-27))-1)-10*12*(65-27)=12882.5917300623

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