Friday
July 25, 2014

Homework Help: business math

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?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

business math revised - Bob makes his first $800 deposit into an IRA earning 7% ...
Finance - Your grandparents deposit $1,000 each year on your birthday, starting ...
trigo - calculate the amount of each annuity of the last deposit.A deposit of $...
business math - If I decide to invest in certificates of deposit at 6% interest...
business math - If I decide to invest in certificates of deposit at 6% interest...
Business Math - IF Joseph deposits $1,000 at year-end for the next 35 years, ...
trigo - calculate the amount of each annuity of the last deposit.A deposit of $...
Business Calc - We deposit $19000 into an account earning 3% interest compounded...
math - You need $28,974 at the end of 10 years, and your only investment outlet ...
maths - You deposit $1000 each year into an account earning 8% compounded ...

Search
Members