at age 25, someone sets up an IRA with an APR of 7%. At the end of each month he deposits $60 in the account. how much will the IRA contain when he retires at the age of 65? compare that amount to the total deposits he made over the time period.
at age 25, someone sets up an IRA with an APR of 7%. At the end of each month he deposits $60 in the account. how much will the IRA contain when he retires at the age of 65? compare that amount to the total deposits he made over the time period.
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section: Chapter Questions
Problem 430PT: Melinda deposited $5,985 in a bank account with an interest rate of 1.9%. How much interest was...
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at age 25, someone sets up an IRA with an APR of 7%. At the end of each month he deposits $60 in the account. how much will the IRA contain when he retires at the age of 65? compare that amount to the total deposits he made over the time period.
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