Question
At age 25, someone sets up an IRA (individual retirement account) with an APR of 44%. At the end of each month he deposits $50
At age 25, someone sets up an IRA (individual retirement account) with an APR of 44%. At the end of each month he deposits $50 in 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.
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Analysis for Financial Management
Authors: Robert Higgins
11th edition
77861787, 978-0077861780
