At age 25, you set up an IRA with an APR of 5%. you deposit $75 each month. How much would there be where you retire at 65? Please tell me how to enter this problem
This is the future value of an ordinary annuity problem.
At age 25, you set up an IRA with an APR of 5%pa. i=0.05
you deposit $75 each month. C=75
How much would there be where you retire at 65? n=65-25=40
Please tell me how to enter this problem
Can you take it from there?