Question:

At the age of 32 to save for retirement you decide to

Last updated: 3/21/2023

At the age of 32 to save for retirement you decide to

At the age of 32 to save for retirement you decide to deposit 60 at the end of each month in an IRA that pays 5 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 1 2 A A C IE Find the interest nt or This question 1 point s possible 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 b The interest is approximately Use the answer from part a to find this answer Round to the nearest dollar as needed