A 35-year old woman has $310,090.00 in an IRA account. Due to medical concerns of a family member, she decided to make no additional contributions to the account but expect it to grow at 6.5% compounded annual. How much does she expect to have in the account when she retires at age 65? The IRA should be worth $ (Round to 2 decimal places.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A 35-year old woman has $310,090.00 in an IRA account. Due to medical concerns of a family member, she
decided to make no additional contributions to the account but expect it to grow at 6.5% compounded
annual. How much does she expect to have in the account when she retires at age 65?
The IRA should be worth $
(Round to 2 decimal places.)
Transcribed Image Text:A 35-year old woman has $310,090.00 in an IRA account. Due to medical concerns of a family member, she decided to make no additional contributions to the account but expect it to grow at 6.5% compounded annual. How much does she expect to have in the account when she retires at age 65? The IRA should be worth $ (Round to 2 decimal places.)
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