Barry Cuda currently has $20,000 in his Roth IRA which has been earning 7%. Barry is...
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Barry Cuda currently has $20,000 in his Roth IRA which has been earning 7%. Barry is planning on depositing $6000 annually for the next 35years into this IRA. Assuming Barry's IRA continues earning 7% annually, what will Barry's IRA be worth at the end of 35 years? Barry Cuda currently has $20,000 in his Roth IRA which has been earning 7%. Barry is planning on depositing $6000 annually for the next 35years into this IRA. Assuming Barry's IRA continues earning 7% annually, what will Barry's IRA be worth at the end of 35 years?
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Answer rating: 100% (QA)
To calculate the future value of Barrys Roth IRA after 35 years we can use the formula for compound ... View the full answer
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0133856439
7th edition
Authors: Arthur J. Keown
Posted Date:
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