Bob makes his first $1,600 deposit into an IRA earning 7.1% compounded annually on his 24th birthday and his last $1,600 deposit on his 43rd birthday (20 equal deposits in all). With no additional deposits, the money in the IRA continues to earn 7.1% interest compounded annually until Bob retires on his 65th birthday. How much is in the IRA when Bob retires? The amount in the IRA when Bob retiress is $ (Round to the nearest cent as needed.)

Chase starts an IRA (Individual Retirement Account) at the age of 30 to save for retirement. He deposits $400 each month. Upon retirement at the age of 65 , his retirement savings is $558,638.87 . Determine the amount of money Chase deposited over the length of the investment and how much he made in interest upon retirement.

At age 24, someone sets up an IRA (individual retirement account) with an APR of 5%. At the end of each month he deposits $30 in the account. How much will the IRA contain when he retires at age 65? Compare that amount to the total deposits made over the time period. After retirement the IRA will contain $ (Do not round until the final answer. Then round to the nearest cent as needed.)

You annually invest $2,000 in an individual retirement account (IRA) starting at the age of 30 and make the contributions for 15 years. Your twin sister does the same starting at age 35 and makes the contributions for 25 years. Both of you earn 7 percent annually on your investment. What amounts will you and your sister have at age 60? Use Appendix A and Appendix C to answer the question. Round your answers to the nearest dollar.Amount on your account: $  Amount on your sister's account: $   Who has the larger amount at age 60?-Select-You haveYour sister hasItem 3 the larger amount.

1.I plan to deposit $376 into my retirement every year for the next 25 years. The first deposit will be made today (that is, at t = 0) and the last deposit will be made at the end of year 24 (that is, at t = 24). I plan to make no other deposits. Assuming that I will earn 12.13% p.a. on my retirement funds, how much money will I have accumulated 36 years from today (that is, at t = 36)? Round your answer to 2 decimal places; record your answer without commas and without a dollar sign. 2. Assume that you deposit $ 1,038 each year for the next 15 years into an account that pays 11 percent per annum. The first deposit will occur one year from today (that is, at t = 1) and the last deposit will occur 15 years from today (that is, at t = 15). How much money will be in the account 15 years from today? Round your answer to 2 decimal places; record your answer without commas and without a dollar sign.

Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 74.00. During these years of part-time work, he will neither make deposits to nor take withdrawals from his retirement account. Exactly one year after the day he turns 74.0 when he fully retires, he will wants to have $2,565,252.00 in his retirement account. He he will make contributions to his retirement account from his 26th birthday to his 65th birthday. To reach his goal, what must the contributions be? Assume a 9.00% interest rate.

At age 21​, someone sets up an IRA​ (individual retirement​ account) with an APR of 8​%. At the end of each month he deposits ​$50 in the account. How much will the IRA contain when he retires at age​ 65? Compare that amount to the total deposits made over the time period. After retirement the IRA will contain ​$nothing. ​(Do not round until the final answer. Then round to the nearest cent as​ needed.)

At age 24​, someone sets up an IRA​ (individual retirement​ account) with an APR of 4​%. At the end of each month he deposits ​$100 in the account. How much will the IRA contain when he retires at age​ 65? Compare that amount to the total deposits made over the time period. After retirement the IRA will contain $ ??

John recently set up a TDA to save for his retirement. He arranged to have $150 taken out of each of his monthly checks; it will earn 8% interest. He just had his 45 birthday, and his ordinary annuity comes to term when he is 65. Find the future value of the account.

At age 19, someone sets up an IRA (individual retirement account) with an APR of 8%. At the end of each month he deposits $95 in the account. How much will the IRA contain when he retires at age 65? Compare that amount to the total deposits made over the time period. After retirement the IRA will contain $ (Do not round until the final answer. Then round to the nearest cent as needed.)