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At the age of 33 , to save for retirement, you decide to deposit $70 at the end of each month in an IRA that
At the age of 33 , to save for retirement, you decide to deposit $70 at the end of each month in an IRA that pays a. You will have approximately $ in the IRA 4% compounded monthly. when you retire. a. Use the following formula to determine how much you (Do not round until the final answer. Then round to will have in the IRA when you retire at age 65. the nearest dollar as needed.) A=rP[(1+r)t1]OrA=(nr)P[(1+nr)nt1] b. Find the interest
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