Question
An individual started to contribute $3k into her IRA (individual retirement account) on her 30th birthday. She did so annually for each birthday. Estimate her
An individual started to contribute $3k into her IRA (individual retirement account) on her 30th birthday. She did so annually for each birthday. Estimate her IRA balance on her 65th birthday. Assuming she earned 8.5% per year, and made 35 beginning-of-year contributions.
- A. 578,105
- B. 627,244
- C. 627,424
- D. 578,150
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Principles Of Managerial Finance Brief
Authors: Chad J. Zutter, Scott B. Smart
8th Global Edition
1292267143, 978-1292267142
