Monday
March 30, 2015

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% ...
Business Math - IF Joseph deposits $1,000 at year-end for the next 35 years, ...
Economics - Ben deposits $5000 now into an account that earns 7.5 percent ...
Finance - Your grandparents deposit $1,000 each year on your birthday, starting ...
Math Check!! - Annual deposits of $3150 are made into a bank account earning 4...
Math help! - Annual deposits of $3150 are made into a bank account earning 4 % ...
math - You want to have $85,000 college fund in 15 years. HOw much will you have...
Math - Suppose that Ramos contributes $6000/year into a traditional IRA earning ...
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...

Members