Wednesday
October 1, 2014

Homework Help: finance

Posted by gary on Monday, September 24, 2012 at 1:41pm.

You annually invest $1,500 in an individual retirement account starting at the age of 20 and make the contributions for 10 years. Your twin sister does the same starting at age 30 and makes the contributions for 30 years. Both of you earn 7 percent annually on your investment. Who has the larger amount at age 60?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

everest online - 2. At the end of each year a self-employed person deposits $1,...
finance - A self-employed person deposits $3,000 annually in a retirement ...
finance - A self –employed person deposits $3,000 annually in a retirement ...
Investments - At the end of each year a self-employed person deposits $1,500 in ...
Finance - A self-employed person deposits $3000 annually in a retirement account...
Finance - You are 45 years of age and your asporation is to retire in 17 years ...
finance - Mrs. Kay who is 24 years old plans to retire at the age of 60. Mrs. ...
math - Your invest $3,000 annually in a mutual fund that earns 10 percent ...
Finance - Assume that you are 23 years old and that you place $3,000 year-end ...
Finance - 21. Ogden wants to save for a trip to Australia. She will need $12,000...

Search
Members