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November 25, 2014

Homework Help: math modeling

Posted by fazilah edwin on Saturday, August 20, 2011 at 4:38am.

Person A opens an IRA at age 25, contributes $2000 per year for 10 years, but makes no additional contributions
thereafter. Person B waits until age 35 to open an IRA and contributes $2000 per years for 30 years. There is
no initial investment in either case.

d. Determine the interest rate for which the two IRA's have equal value at age 65.

PLEASE HELP ME. i need to compare my answer with u.^^

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