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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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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.

User Ales Potocnik
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1 Answer

8 votes

Answer:

A-$2,368.29

Explanation:

User Erkin
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5.6k points
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