Question
A person is 30 years old and decides to contribute $120 a month to IRA. He/she wants to retire at age 70. The IRA rate
A person is 30 years old and decides to contribute $120 a month to IRA. He/she wants to retire at age 70. The IRA rate is an 8% annual rate of return on the IRA, but the investment will be compounded quarterly. How much money will the person save upon retirement at 70? Create an amortization table as well.
ANSWER HAS TO BE IN EXCEL.
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Finance Markets Investments And Financial Management
Authors: Daisy Scott
1st Edition
1639892001, 9781639892006
