At age 21, someone sets up an IRA (individual retirement account) with an APR of 6%. At the end of each month he deposits $45 in the account. How much will the IRA contain when he retires at age 65? Compare that amount to the total deposits made over the time period.

Answer rating: 100% (QA)

Using the data Provided Time period 44 years 65 21 APR 6 006 ... View the full answer