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WebAssign hw4 (5) - Page 5 of 5 Assignment#04 retirement...

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Unformatted text preview: Page 5 of 5 Assignment #04 retirement account. She made no withdrawals or further contributions until age 65. Alex made monthly deposits of $350 into his tax—free retirement account from age 40 to 65. If both accounts earned interest at the rate of 4%lyear - n pounded monthly, who ends up with the bigger nest egg upon reaching the age of 65?‘Use both the. annuity formula and the OAlex {fig fig 20 ...
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