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You are going to invest in either a Traditional IRA or a Roth IRA for 30 years. You plan to invest $100 per month in
You are going to invest in either a Traditional IRA or a Roth IRA for 30 years. You plan to invest $100 per month in either choice. The Traditional IRA is paying 8% APR compounded semiannually at the beginning of the month. The Roth IRA is paying 7% APR compounded quarterly at the end of the month. What is the difference in dollars between the two choices when you retire?
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
