Friday

September 19, 2014

September 19, 2014

Posted by **melodi** on Saturday, April 6, 2013 at 10:00pm.

At the end of 9 years he ceased the IRA payments, but continued to invest his accumulated amount at 10% compounded yearly for the next 8 years.

a) What was the value of his IRA at the end of 9 years?

Answer = $

b) What was the value of the investment at the end of the next 8 years?

Answer = $

**Answer this Question**

**Related Questions**

Finite Mathematics - If a merchant deposits $1,500 annually at the end of each ...

mathematical modeling - Person A opens an IRA at age 25, contributes $2000 per ...

mathmodeling - Person A opens an IRA at age 25, contributes $2000 per year for ...

math modeling - Person A opens an IRA at age 25, contributes $2000 per year for ...

math - Barry heard in his Personal Finance class that he should start investing ...

math - Djer invests $5000 each year into a mutual fund earning 6.15% compounded ...

Math - Suppose that Ramos contributes $6000/year into a traditional IRA earning ...

college - Joan wants to start an IRA that will have $250,000 in it when she ...

business math - Bob makes his first deposit into an IRA earning % compounded ...

math - Jeanette wishes to retire in 30 years at age 55 with retirement savings ...