Hal Thomas, a 25 -year-old college graduate, wishes to retire at age 65.
To supplement other sources of retiremetn income, he can deposit $2,000
Each year into a tax-deferred individual retiremetn arrangement (IRA). The IRA will
Earn a 10% return over the next 40 years.

If Hal makes annual end-of-year $2,000 deposits into the IRA, how much will he
Have accumulated by the end of his sixty-fifth year?

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This is a simple FV formula