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avid deposits $2,000 per year at the end of the year for the next 20 years into an IRA account that currently pays 6%. How much will David have on deposit at the end of 20years

avid deposits $2,000 per year at the end of the year for the next 20 years into an IRA account that currently pays 6%. How much will David have on deposit at the end of 20years

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 25P
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David deposits $2,000 per year at the end of the year for the next 20 years into an IRA account that currently pays 6%. How much will David have on deposit at the end of 20years 

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