Taylor starts an IRA (Individual Retirement Account) at the age of 26 to save for retirement. She deposits $450 each month. The IRA has an average annual interest rate of 5%. How much money will she have saved when she retires at the age of 65? Round your answer to the nearest cent, if necessary.
Taylor starts an IRA (Individual Retirement Account) at the age of 26 to save for retirement. She deposits $450 each month. The IRA has an average annual interest rate of 5%. How much money will she have saved when she retires at the age of 65? Round your answer to the nearest cent, if necessary.
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 15E
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Taylor starts an IRA (Individual Retirement Account) at the age of 26 to save for retirement. She deposits $450 each month. The IRA has an average annual interest rate of 5%. How much money will she have saved when she retires at the age of 65? Round your answer to the nearest cent, if necessary.
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