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Mathematics, 21.11.2019 22:31 nisha87

Rich and laura are both 45 years old. they open an

account at the rhinebeck savings bank with the hope

that it will gain enough interest by their retirement at the

age of 65. they deposit $5,000 each year into an account
that pays 1.25% interest, compounded annually. what is

the account balance when rich and laura retire?

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Answers: 2

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Rich and laura are both 45 years old. they open an

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