Problemmary plans to fund her individual retirement account, Ask an Expert

Finance

Problem:

Mary plans to fund her individual retirement account (IRA) with the maximum contribution of $2,500 at the end of each year for the next 25 years.

Required:

Question: If Mary can earn 9 percent on her contributions, how much will she have at the end of the twenty-fifth year?

Note: Explain in detail and show all computations in proper way.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91174665

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