Question
Julian decided to invest $2,500 a year at the end of each year into an IRA account over his 45-year working life and then retire.
Julian decided to invest $2,500 a year at the end of each year into an IRA account over his 45-year working life and then retire. What will Julian have if the account will earn 8 percent compounded annually?
|
| $112,500 |
|
| $394,264 |
|
| $966,264 |
|
| $112,700 |
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
6th Edition
0201538997, 978-0201538991
