Starting at the age of 25, at the end of each month, you invest $200 into a retirement IRA (individual retirement account). The IRA guarantees an APR of 6% compounded monthly for the life of the account. How much money will you have in the account when you turn 65? Give your answer as a decimal rounded to the nearest hundredth.

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The Answer of Starting at the age of 25, at the end of each month, you invest $200 into a retirement IRA (individual retirement account). The IRA guarantees an APR of 6% compounded monthly for the life of the account. How much money will you have in the account when you turn 65? Give your answer as a decimal rounded to the nearest hundredth.

Starting at the Age of 25, at the End of Each