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Posted on May 18, 2024

Ruby is 2 5 and has a good job at a company. She currently is $ 1 0 , 0 0 0 in an IRA.

Ruby is

25

and has a good job at a company. She currently is $

10, 000

in an IRA. She believes her IRA will grow at an annual rate of

8 %

and she plans to leave it untouched and she retires at age

65 .

How much will Ruby's IRA be worth when she needs to start withdrawing money from it when she retires?

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