Question:

At the age of 30 to save for retirement you decide to

Last updated: 3/21/2023

At the age of 30 to save for retirement you decide to

At the age of 30 to save for retirement you decide to deposit 70 at the end of each month in an IRA that pays 4 5 compounded monthly a b Use the following formula to determine how much you will have in the IRA when you retire at age 65 P 1 r 1 r A A P nt 8 Find the interest or 1 a You will have approximately in the IRA when you retire Do not round until the final answer Then round to the nearest dollar as needed