At the age of 27 to save for retirement you decide to

Last updated: 10/10/2023

At the age of 27 to save for retirement you decide to deposit 90 at the end of each month in an IRA that pays 4 5 compounded monthly a Use the following formula to determine how much you will have in the IRA when you retire at age 65 A A P 1 r 1 r A b Find the interest or I question 1 point s possible Submit quiz a You will have approximately when you retire Do not round until the final answer Then round to the nearest dollar as needed in the IRA b The interest is approximately Use the answer from part a to find this answer Round to the nearest dollar as needed