December 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?

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