Mathematics, 24.10.2021 15:20 Drea1385
To save for retirement at age 27 you start depositing $275 at the end of each month in an IRA that pays 5.75% compounded monthly.
How much will you have in the IRA if you plan to retire at 65?
I need also to find the interest.
I need step by step explanation.
Answers: 3
Mathematics, 21.06.2019 15:30, juli8350
The average hourly earnings for a construction worker is projected to be $24.50 in 2012. jason wants to join the construction work force after he graduates in 2012. his friend tells him that average hourly earnings for construction workers will rise by 2% from 2009 to 2012. based on the data below, assuming that the projected hourly earnings are correct, is jason’s friend’s statement accurate? construction industry - average hourly earnings, 2000-2009 a. his friend’s statement is accurate. the average hourly earnings will increase by 2%. b. his friend’s statement is not accurate. the percent increase will be more than 2% c. his friend’s statement is not accurate. the percent increase will be less than 2% d. his friend’s statement is not accurate. the average hourly earnings will decrease
Answers: 3
To save for retirement at age 27 you start depositing $275 at the end of each month in an IRA that p...
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