A person has an individual retirement account that they contribute $1,850 to annually at the end of

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A person has an individual retirement account that they contribute $1,850 to annually at the end of each year. The person wants to retire after making 35 annual contributions to the account. Assuming that the account earns 12% interest annually, compute the value of the account on the date of the final contribution (35 years from the present). Note: Use factor(s) from tables provided. Round "FV of an Ordinary Annuity" to 4 decimals and final answer to the nearest whole dollar. (PV of $1, FV of $1, PVA of $1, and FVA of $1) Periodic Contribution X X f (FV of an Ordinary Annuity) Check my work Future Value

Posted Date: May 18, 2024 12:14 PM

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A person has an individual retirement account that they contribute $1,850 to annually at the end of

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