Answer to Question #350241 in Financial Math for Irfan

Question #350241

Suppose that you establish an IRA (Individual Retirement Account) at age 43 and you will retire after 22 years hence at age 65. You plan to make annual payments of Rs1000 into the IRA at the beginning of each year. If you assume a rate of return of 8.5 percent a year, calculate the future value of your IRA when you will retire at age 65.

0
Service report
It's been a while since this question is posted here. Still, the answer hasn't been got. Consider converting this question to a fully qualified assignment, and we will try to assist. Please click the link below to proceed: Submit order

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS