At the age of 30, to save for retirement, you decide to deposit $60 at the end of each month into an IRA that pays 3.5% compounded monthly. How much will you have in the IRA when you retire at age 65? Do not round until the final answer. Then, round to the nearest dollar as needed.

Question

anonymous · Answer

whts up with u? every question from business maths:)

anonymous · Answer

whts d formula to calculate sum for compound intrest?

anonymous · Answer

A=R[1+r/m)^mt-1/r/m]

anonymous · Answer

@nphuongsun93  Can you help Please

anonymous · Answer

60 ((1+0.075/12)^420-1)/(0.075/12) =49332