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At the age of 24, to save for retirement, you decide to deposit $30 at the end of each month in an IRA that pays

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At the age of 24, to save for retirement, you decide to deposit $30 at the end of each month in an IRA that pays 5% compounded monthly a. Use the following formula to determine how much you will have in the IRA when you retire at age 65 P[(1 + r) - 1) As a. You will have approximately $ in the IRA when you retiro. (Do not round until the final answer. Then round to the nearest dollar as needed.) b. The interest is approximately $ (Use the answer from part a to find this answer. Round to the nearest dollar as needed.) or not n b. Find the interest

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