John is 48 years old. He is planning on retireing when he is 65. He has opened an IRA with an APR of 3.5% compounded daily. If h
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The answer is:
The explanation is shown below:
1- You have the following expression given in the exercise:
2- When you multiply signs, you obtain:
3. Now, you must add like terms, as following:
4. Therefore, you have that the expression simplified is: