If your parents put $2,000 a year into an IRA for you in each of your last 4 teenage years (ages 16, 17, 18, and 19), 

how much would the IRA have at retirement 45 years later if the account won 12% each year? (Assume year-end payments.) 

Answer rating: 100% (QA)

First we can calculate the future value of each contribution of 2000 assuming a 12 a... View the full answer