Sunday
March 1, 2015

Homework Help: mathematical modeling

Posted by lala on Saturday, August 13, 2011 at 2:58am.

Person A opens an IRA at age 25, contributes $2000 per year for 10 years, but makes no additional contributes thereafter. Person B waits untill age 35 to open an IRA and contributes $2000 per year for 30 years. There is no initial investment in either case. Asumming an interest rate of 8%, what is the alance i each IRA at age 65?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

math modeling - Person A opens an IRA at age 25, contributes $2000 per year for ...
mathmodeling - Person A opens an IRA at age 25, contributes $2000 per year for ...
Math - Suppose that Ramos contributes $6000/year into a traditional IRA earning ...
statistics - Burning fuels in power plants or motor vehicles emit carbon dioxide...
math - diane works at a public university and contributes $625 per month in her ...
Math - 1. You need $200,000 to retire in 10 years. You can invest monthly ...
Finance - Now that you have a full time job you are ready to start investing for...
math - Michael invested $1600 per half-year in an IRA each half-year for 9 years...
math - suppose you deposited $3000 of earned income into an IRA, you canearn an ...
Finance - A 46-year-old man deposits a total of $2000 per period in an IRA until...

Members