Question: Suppose that Bob decides to continue to make $1,000 deposits into his IRA every year until his 65th birthday. If John still waits until he
Suppose that Bob decides to continue to make $1,000 deposits into his IRA every year until his 65th birthday. If John still waits until he is 36 to start his IRA, how much must he deposit each year in order to have the same amount at age 65 as Bob has?
For Information: Problems 33 and 34.
Step by Step Solution
3.34 Rating (172 Votes )
There are 3 Steps involved in it
Bob PMT 1000 r 64 0064 ... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
828-B-F-F-M (3570).docx
120 KBs Word File
