Molly starts an IRA (Individual Retirement Account) at the age of 32 to save for retirement. She deposits $450 each month. The

Question

Molly starts an IRA (Individual Retirement Account) at the age of 32 to save for retirement. She deposits $450 each month. The IRA has an average annual interest rate of
8% compounded monthly. How much money will she have saved when she retires at the age of 65? Round your answer to the nearest cent, if necessary.
Answer

Kunduz · Accepted Answer

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