Question
Lucretia has $6,500 on deposit today in an IRA account that will earn 8% per annum annually. She will also deposit $2,000 per year in
Lucretia has $6,500 on deposit today in an IRA account that will earn 8% per annum annually. She will also deposit $2,000 per year in an account paying 7.5% per year, starting today. If she retires in 26 years, how much will she have on deposit in her IRA accounts?
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Mathematics For Business
Authors: Stanley A Salzman, Charles D Miller, Gary Clendenen
8th Edition
0321357434, 9780321357434
