Question
John makes annual deposits of $1600 to an an IRA earning 12% compounded annually for 12 years. a) What was the value of his IRA
John makes annual deposits of $1600 to an an IRA earning 12% compounded annually for 12 years.
a) What was the value of his IRA at the end of 12 years? Answer = $
b) How much can John withdraw each year for the next 15 years at 12 % compounded annually? Answer = $
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Public Finance In Canada
Authors: Harvey S. Rosen, Ted Gayer, Jean-Francois Wen, Tracy Snoddon
5th Canadian Edition
1259030776, 978-1259030772
