Beth began working at age 20 and began making an annual contribution to her IRA of $6,000
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Beth began working at age 20 and began making an annual contribution to her IRA of $6,000 each year until age 32 (12 contributions). She then left full time work to have children and be a stay at home mom. She left her IRA invested and plans to begin drawing from her IRA when she is 65.
IRA account grow at an 8% annual rate. Do not consider any tax or inflation effect.
What is beths FV up to age 32 and 32 up to 65?
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
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