Question
At age 19,someone sets up an IRA (individual retirement account) with an APR of 4%.At the end of each month he deposits $100in the account.
At age 19,someone sets up an IRA (individual retirement account) with an APR of 4%.At the end of each month he deposits $100in the account. How much will the IRA contain when he retires at age 65? Compare that amount to the total deposits made over the time period.
After retirement the IRA will contain _________?
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College Mathematics For Business Economics, Life Sciences, And Social Sciences
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
14th Edition
0134674146, 978-0134674148
