A 35-year old woman has $366,210.00 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% compounded every 4 months. How much does she expect to have in the account when she retires at age 62? The IRA should be worth (Round to 2 decimal places.)
A 35-year old woman has $366,210.00 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% compounded every 4 months. How much does she expect to have in the account when she retires at age 62? The IRA should be worth (Round to 2 decimal places.)
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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A 35-year old woman has $366,210.00 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% compounded every 4 months. How much does she expect to have in the account when she retires at age 62?
The IRA should be worth (Round to 2 decimal places.)
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