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Business, 01.03.2021 20:30 emma6892

1.Your seventeen years old younger brother Brian works in YMC on weekends as a swimming coach and earns $2,000 per year. He follows the advice from his financial teacher to open a Roth IRA account and buy $2,000 of "500 stock index fund" yearly that will grow tax free. He needs your help to find out how much money will be there in his account 5 years later when he reaches twenty-two years if the fund keeps stock market historically average return of 10% annually?

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