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problem: You just graduated & get your first job in your new career. You remember that your favorite finance professor told you to start the painless job of saving for retirement as soon as possible, so you decided to put away $2,000 at the end of every year in a Roth IRA. Your expected annual rate of return on the IRA is 7.5 percent. How much will you accumulate?

[A] $1,088,632 

[B] $94,426

[C] $247,921

[D] $454,513

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M921177

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