Question
1.) A 25 year old person decides to invest $2000 each year into an IRA (Individual Retirement Account) paying 12% compounded annually. At the time
1.) A 25 year old person decides to invest
$2000each year into an IRA (Individual Retirement Account) paying
12%compounded annually. At the time of the
40^(th )payment the individual is ready to retire. What is the value of the account at the time of the
40^(th )payment?
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The Handbook Of Financial Modeling
Authors: Jack Avon
2nd Edition
1484265394, 978-1484265390
