At age 28​, someone sets up an IRA​ (individual retirement​ account) with an APR of 9​%. At the end of each month he deposits ​$25 in the account. How much will the IRA contain when he retires at age​...


At age 28​, someone sets up an IRA​ (individual retirement​ account) with an APR of 9​%. At the end of each month he deposits ​$25 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.



Jun 01, 2022
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