Question
You are 25 and will start a new job on January 1st. You also intend to put $2,000 into an Individual Retirement Account (IRA) at
You are 25 and will start a new job on January 1st. You also intend to put $2,000 into an Individual Retirement Account (IRA) at the end of each of the following years until you retire at age 65. How much interest and principal will you have accumulated by the time you retire If you can earn 8% on your IRA?
A. $ 43,448 B. $ 92,000 C. $ 518,104 D. $ 23,850
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
7th Edition
1259919714, 978-1259919718
