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1)About how much would be in your IRA in 6 years after depositing $37,000 today if the IRA account pays 4% interest? $42,820.48 $48,389.51 $46,816.80

1)About how much would be in your IRA in 6 years after depositing $37,000 today if the IRA account pays 4% interest?

$42,820.48

$48,389.51

$46,816.80

$44,371.29

2)About how long would it take for $275.00 deposited today to grow to $376.00 if you can earn 4% annual interest on the deposit?

n = 5 years

n = 6 years

n = 7 years

n = 8 years

None of the above

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