At age 30, Michelle starts an IRA (Individual Retirement Account) to save for retirement. She deposits $100 at the end of each month. If she can count on an APR of 6%, how much will she have when she retires at age 65?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.49TI: Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much...
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At age 30, Michelle starts an IRA (Individual Retirement Account) to save for retirement. She deposits $100 at the end of each month. If she can count on an APR of 6%, how much will she have when she retires at age 65?  

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