Question
You plan to deposit $150 at the end of each month into your Roth IRA for the next 20 years. If you need that
You plan to deposit $150 at the end of each month into your Roth IRA for the next 20 years. If you need that fund to grow to a balance of $235,500, what annual rate of return do you need to earn on that account during that time period? 1.28% 10.67% 15.33% 6.98%
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
9780132738729, 136119468, 132738724, 978-0136119463
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