Friday
February 27, 2015

Homework Help: math modeling

Posted by fazilah edwin on Saturday, August 20, 2011 at 4:38am.

Person A opens an IRA at age 25, contributes $2000 per year for 10 years, but makes no additional contributions
thereafter. Person B waits until age 35 to open an IRA and contributes $2000 per years for 30 years. There is
no initial investment in either case.

d. Determine the interest rate for which the two IRA's have equal value at age 65.

PLEASE HELP ME. i need to compare my answer with u.^^

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

mathmodeling - Person A opens an IRA at age 25, contributes $2000 per year for ...
mathematical modeling - Person A opens an IRA at age 25, contributes $2000 per ...
Math - Suppose that Ramos contributes $6000/year into a traditional IRA earning ...
finance - A self-employed person deposits $3,000 annually in a retirement ...
finance - A self –employed person deposits $3,000 annually in a retirement ...
everest online - 2. At the end of each year a self-employed person deposits $1,...
Finance - A self-employed person deposits $3000 annually in a retirement account...
Investments - At the end of each year a self-employed person deposits $1,500 in ...
Math - 1. You need $200,000 to retire in 10 years. You can invest monthly ...
Finance - A 46-year-old man deposits a total of $2000 per period in an IRA until...

Members