Owen plans to deposit $4000 in a traditional IRA at the end of every six months for the next 10 years find the future value if funds are in 10% compounded semi annually

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asked Feb 4, 2022 26.0k views

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Owen plans to deposit $4000 in a traditional IRA at the end of every six months for the next 10 years find the future value if funds are in 10% compounded semi annually

Mathematics
high-school

Shashank Shah asked

by Shashank Shah

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800$ because yearly he would deposit 8000$ and 10% of that would be 800$ :)

Mike Burba answered Feb 10, 2022

by Mike Burba

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