Joseph wants to have an IRA that will be worth $1,000,000 when he retires at age 65. How much must he deposit at age 25 at 9% interest compounded quarterly to reach his goal?

Joseph wants to have an IRA that will be worth $1,000,000 when he retires at age 65. How much must he deposit at age 25 at 9% interest compounded quarterly to reach his goal?

asked Mar 19, 2024 98.5k views

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