Posted by lauren on Wednesday, February 9, 2011 at 8:08pm.
Bob makes his first deposit into an IRA earning % compounded annually on the day he turns 27 and his last deposit on the day he turns 35. (9 equal deposits in all.) With no additional deposits, the money in the IRA continues to earn % interest compounded annually until Bob retires on his 65th birthday. How much is the IRA worth when Bob retires?

business math  helper, Wednesday, February 9, 2011 at 8:11pm
You are missing the % for interest and the amount for the annual deposit into the IRA.

business math  Sabrina, Wednesday, September 12, 2012 at 9:24pm
plug in 6.4 as the % and $1,000 as the deposit

business math  Anonymous, Monday, January 30, 2017 at 11:14pm
,m
Answer This Question
Related Questions
 business math revised  Bob makes his first $800 deposit into an IRA earning 7% ...
 eng.Economic  deposits $1,000 now, $2,000 2 years from now, and $5,000 5 years ...
 Economics  Ben deposits $5000 now into an account that earns 7.5 percent ...
 Business Math  IF Joseph deposits $1,000 at yearend for the next 35 years, ...
 Math  She deposits $5 or $3.50 into her account. She made 14 deposits which ...
 Finance  Bob Bryan made deposits of $10,000 at the end of each quarter to Lion ...
 Math  Roiger made deposits of $900 semiannually to the bank, which pays 6% ...
 Math  Her has $1500 in a retirement account earning 5% interest compounded ...
 Deposit  You deposit $3000 each year into an account earning 2% interest ...
 Precalc growth and decay  Alison deposits $500 into a new savings account that ...
More Related Questions