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Warren started investing when he was 5 years old. He deposited $5 from his allowance at the
end of every month into a savings account that earned 5.80%, compounded monthly. He did
this until he was 25 years old.
a.
How much did he invest altogether? What is the current value of his investment at age
25? What is his rate of return?
b.Suppose that Wareen wanted his investment to have the same value in part a) at age 25 but has started investing when he was 20.what would his monthly payments have been?



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