You Open an Individual Retirement Account (IRA) with a Mutual

question 24

Essay

You open an individual retirement account (IRA) with a mutual fund and contribute $1,000 into the account each year. How much will be in the account after 20 years if the investment earns 7% annually?

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Definitions:

Irrational Fear

A fear lacking a logical or reasonable basis, often disproportionate to the actual danger posed by the object or situation.

Generalized Anxiety Disorder

A mental health disorder characterized by persistent and excessive worry about various aspects of life.

GABA

Gamma-Aminobutyric Acid, a neurotransmitter in the brain that inhibits many of the activities of the central nervous system.

Etiology

The study of the causes or origins of diseases or conditions, explaining why a particular disease or condition occurs.