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Unformatted text preview: If the account is assumed to pay 6% compounded quarterly, how much will be in it at the end of eight years? Page 280 P. 284, #22 If you are 30 years of age now and if you plan to retire at age 60 with an IRA account having a total accumulated value of $300,000, how much would you have to invest at the end of each year if the account paid 6% compounded annually? Page 282 P. 284, #24 The Brewsters are saving for their daughter's college days. They would like to be able to withdraw $800 each month from their account for five years once their daughter starts college. Assuming that their account will earn interest at the rate of 9% compounded monthly, what sum of money should the Brewsters have in the account when their daughter starts college?...
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 Spring '08
 PamelaSatterfield

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