At the age of 33, to save for retirement, you decide to deposit $80 at the end of each month in an IRA that pays 44% compounded monthly A) You will have approximately $ ? in the IRA when you...

At the age of 33, to save for retirement, you decide to deposit $80 at the end of each month in an IRA that pays 44% compounded monthly

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.)

Jun 01, 2022

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