If someone is 20 years old, deposits 3000.00 each year into an IRA for 50 years at 4% interest compounded annually,and retires at age 70, how much money will be in the account upon retirement. ( round to the nearest cent as needed) ty

Question

bahrom7893 · Answer

Do you have a formula associated with this?

anonymous · Answer

That is all the question says?

bahrom7893 · Answer

No like the question is from some section of the book or from some chapter. Does that section have a relevant formula for this?

bahrom7893 · Answer

http://math.about.com/library/weekly/aa042002a.htm

anonymous · Answer

drawing now

bahrom7893 · Answer

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bahrom7893 · Answer

That?

anonymous · Answer

im sorry im new and I havent figure out how to work all this. I'm sorry. lol

bahrom7893 · Answer

No it's ok, is that the formula?

anonymous · Answer

the start of it before i hit post lol ill draw it all one moment.

anonymous · Answer

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