Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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Question
Suppose that at age 25, you decide to save for retirement by depositing $95 at the end of every month in an IRA that pays 4.25% compounded monthly. How much will you have from the IRA when you retire at age 65? Find the interest. O $119,567; $73,967 $118,696; $73,096 $146,390; $100,790 O $12,735,807,037,013; $12,735,806,991,413
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Transcribed Image Text:Suppose that at age 25, you decide to save for retirement by depositing $95 at the end of every month in an IRA that pays 4.25% compounded monthly. How much will you have from the IRA when you retire at age 65? Find the interest. O $119,567; $73,967 $118,696; $73,096 $146,390; $100,790 O $12,735,807,037,013; $12,735,806,991,413
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