Mathematics, 16.11.2020 04:50 QueenNerdy889
Starting at age 35, you deposit $2000 a year into an IRA account for retirement. Treat the yearly deposits into the
account as a continuous income stream. If money in the account earns 7%, compounded continuously, how much
will be in the account 30 years later, when you retire at age 65? How much of the final amount is interest?
What is the value of the IRA when you turn 65?
Answers: 2
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Starting at age 35, you deposit $2000 a year into an IRA account for retirement. Treat the yearly de...
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