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26-03-2024
Mathematics

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You plan to invest $2,000 per year for 10 years into an IRA. What will the value of the IRA be at the end of the 10 years if the interest rate is 4% per year? Your answer may vary due to rounding.
a) Approximately $24,000
b) Approximately $22,000
c) Approximately $20,000
d) Approximately $18,000

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