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OpenStudy (anonymous):
Ralph is 27 years old and starting an IRA (individual retirement account). He is going to invest $200 at the beginning of each month. The account is expected to earn 2.65% interest, compounded monthly. How much money will Ricky have in his IRA when he retires, at age 65? $157,419.08 $94,723.10 $13,183.51 $416,424.15
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