Question
Colin is trying to decide whether he should make his IRA contribution at the beginning of the year or at the end of the year.
Colin is trying to decide whether he should make his IRA contribution at the beginning of the year or at the end of the year. He wants to save $5K for 25 years in his IRA that can earn 7% per year. What would be the difference in his account value of he made the payments at the beginning of each year rather than at the end?
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A First Course in Quantitative Finance
Authors: Thomas Mazzoni
1st edition
9781108411431, 978-1108419574
