Question
1. I decide to fund my IRA at $6,000 per year for the next 40 years. How much will my account be worth if interest
1. I decide to fund my IRA at $6,000 per year for the next 40 years. How much will my account be worth if interest is 9% effective annual interest?
2. You decide to fund your IRA at $6,000 per year for the next 40 years. How much will your account be worth if the interest on your account is 9% compounded daily?
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
9th Edition
978-0073527062
