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QUESTION
Ira Schwab opens up a Schwab IRA and places $2,000 in his retirement account at the beginning of each year for 10 years.
Ira Schwab opens up a Schwab IRA and places $2,000 in his retirement account at the beginning of each year for 10 years. He believes the account will earn 5 percent interest per year, compounded quarterly. How much will he have in his retirement account in 10 years?
