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Question: tonya age 22 just started working fulltime and plans to...

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Tonya, age 22, just started working full-time and plans to deposit $5,000 annually into an IRA earning 8 percent interest compounded annually. How much would she have in 20 years? What if she left it in there until she retires at 62? What if she waits another 10 years before she starts saving? How much will she have when she reaches 62?

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