In Exercises 5455, use the formula for the value of an annuity and round to the nearest
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In Exercises 54–55, use the formula for the value of an annuity and round to the nearest dollar.
To save for retirement, you decide to deposit $100 at the end of each month in an IRA that pays 5.5% compounded monthly.
a. How much will you have from the IRA after 30 years?
b. Find the interest.
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