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Robert wants to start an IRA that will have $550,000 in it when he retires in 25 years. How much should he invest quarterly in his IRA to do this if the interest is 6% compounded quarterly? Assume an Annuity
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Apr 1, 2022
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Robert wants to start an IRA that will have $550,000 in it when he retires in 25 years. How much should he invest quarterly in his IRA to do this if the interest is 6% compounded quarterly? Assume an Annuity Due. Round to the nearest cent.
Mathematics
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Ales Potocnik
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Answer:
A-$2,368.29
Explanation:
Erkin
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Apr 5, 2022
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