38.8k views
4 votes
Nicole is considering opening a Roth Individual Retirement Account. If she invests into the Roth IRA, determine the amount in the account if she makes annual payments of $4,291 into an account paying 2.23% interest compounded annually for 30 years.

User Cassmtnr
by
6.2k points

2 Answers

7 votes

Answer:

$180,488.86

Step-by-step explanation:

User BorisOkunskiy
by
5.8k points
6 votes

$180,488.86 will be the amount in her account in 30 years

User LuxuryWaffles
by
6.4k points