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Ricky and Sharon married at age 20, started a family, and bought a house. At age 35, they began making a $3,400 contribution to a
Ricky and Sharon married at age 20, started a family, and bought a house. At age 35, they began making a $3,400 contribution to a traditional IRA. They continued making these contributions annually until age 65. If the average return on their investment was 4%, how much was in the IRA at age 65?
What was their total investment?
Part 2
If the average return on their investment was 4%, the amount in the IRA at age 65 is
(Round to the nearest dollar.)
Part 3
Their total investment was
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