To save for retirement at age 27 you start depositing $275 at the end of each month in an IRA that pays 5.75% compounded monthly. How much will you have in the IRA if you plan to retire at 65? I need also

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Sccrthlt asked Oct 4, 2022

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To save for retirement at age 27 you start depositing $275 at the end of each month in an IRA that pays 5.75% compounded monthly.

How much will you have in the IRA if you plan to retire at 65?

I need also to find the interest.

Mathematics
college

Sccrthlt asked Oct 4, 2022

by Sccrthlt

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15 votes

Answer:

81972

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Buckley answered Oct 9, 2022

by Buckley

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