1 - Lower Moreland Township School District

At age 27, Jill deposited $4,000 into an IRA, where it earns 9 7/8% interest compounded monthly. What will it be worth when she retires at sixty-five? Jamie wants to earn $500 in interest so she’ll have enough to buy a used car. She puts $2000 into an account that earns 2.5% interest compounded semiannually. ................
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