Question: I need help solving this problem... John makes annual deposits of $1100 to an an IRA earning 9% compounded annually for 12 years. a) What
I need help solving this problem...
John makes annual deposits of $1100 to an an IRA earning 9% compounded annually for 12 years.
a) What was the value of his IRA at the end of 12 years?
Answer = $
b) How much can John withdraw each year for the next 17 years at 9 % compounded annually?
Answer = $
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
