Question:

An individual earns an extra 2500 each year and places this

Last updated: 3/31/2023

An individual earns an extra 2500 each year and places this

An individual earns an extra 2500 each year and places this money at the end of each year into an Individual Retirement Account IRA in which both the original earnings and the interest in the account are not subject to taxation If the account has an annual interest rate of 9 1 compounded annually how much is in the account at the end of 50 years Round your answer to the nearest cent x