At age 30, Michelle starts an IRA (Individual Retirement Account) to save for retirement. She deposits $100 at the end of each month. If she can count on an APR of 6%, how much will she have when she retires at age 65?
At age 30, Michelle starts an IRA (Individual Retirement Account) to save for retirement. She deposits $100 at the end of each month. If she can count on an APR of 6%, how much will she have when she retires at age 65?
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 30, Michelle starts an IRA (Individual Retirement Account) to save for retirement. She deposits $100 at the end of each month. If she can count on an APR of 6%, how much will she have when she retires at age 65?
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