+0  
 
0
283
1
avatar
suppose that you save $10 a month and put money at the end of each month in an IRA with an APR of 6.5% compounded monthly. How much money will there be in your retirement in40 years?( Assume that the last deposit generates no interest.)
Guest Feb 21, 2012
 #1
avatar
0
Anna1115:

suppose that you save $10 a month and put money at the end of each month in an IRA with an APR of 6.5% compounded monthly. How much money will there be in your retirement in40 years?( Assume that the last deposit generates no interest.)



[input]10*(((1+0.065/12)^(40*12))/((1+0.065/12)-1))[/input]

Anna1115:

How much money will there be in your retirement in 40 years?


$10/month for 40years - inflation - taxes = which currency? Amero or Globo?
Guest Feb 21, 2012

19 Online Users

New Privacy Policy

We use cookies to personalise content and advertisements and to analyse access to our website. Furthermore, our partners for online advertising receive information about your use of our website.
For more information: our cookie policy and privacy policy.