Halley starts an IRA (Individual Retirement Account) at the age of 36 to save for retirement. She deposits $450 each month. The

Question

Halley starts an IRA (Individual Retirement Account) at the age of 36 to save for retirement. She deposits $450 each month. The IRA has an average annual interest rate of 8 % compounded monthly. How much money will she have saved when she retires at the age of 65? Round your answer to the nearest cent, if necessary.

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