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Q3. You are making $ 100$ deposit to your IRA account every month and earns 10 % interest per year compounded monthly. How much money will there be in the account at the end of those 30 years?
Q4. You are thinking about retirement and your IRA account is guaranteed to earn at 5 % annual interest compounded monthly. You plan to work for 30 years before retiring and like to able to draw an income of $ 2,000 per month for 30 years. How much you must deposit each month into the pension to accomplish this?
