At age 19, someone sets up an IRA (individual retirement account) with an APR of 6%. At the end of each month he deposits $100

Question

At age 19, someone sets up an IRA (individual retirement account) with an APR of 6%. At the end of each month he deposits $100 in the account. How much will the IRA contain when he retires at age 65? Compare that amount to the total deposits made over the time period. After retirement the IRA will contain $

Kunduz · Accepted Answer

Click to see the answer