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? 

Answer rating: 100% (QA)

To calculate Beths future value FV up to age 32 we need to consider the annual contributions of 6000 ... View the full answer