Question: June Watson is contributing $ 4 , 5 0 0 each year to a Roth IRA. The IRA earns 3 . 7 % per year.

June Watson is contributing $4,500 each year to a Roth IRA. The IRA earns 3.7% per year. How much will she have at the end of 30 years?
If June's first payment is made with the establishment of the Roth IRA, she will have $ (Round to the nearest cent as needed.)
June Watson is contributing $4,500 each year to a Roth IRA.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

June Watson is contributing $3,000 each year to a Roth IRA. The IRA earns 3.2% per year. How much will she have at the end of 25 years? See Examples 9 and 15.

Q:

June Watson is contributing $4,500 each year to a Roth IRA. The IRA earns 3.2% per year, How much will she have at the end of 35 years? If June's first payment is made with the establishment of the...

Q:

que dip You just graduated and started your new job. Your starting salary is $50,000/year. Your employer's 401(k) plan states that your employer will contribute 2% of your salary to your 401(k) and...

Q:

You just graduated and started your new job. Your starting salary is $50,000/year. Your employer's 401(k) plan states that your employer will contribute 1% of your salary to your 401(k) and the will...

Q:

June Watson is contributing $4,000 each year to a Roth IRA. The IRA earns 4.2% per year. How much will she have at the end of 40 years? If June's first payment is made with the establishment of the...

Q:

This question: 1 point ( s ) June Watson is contributing $ 3 , 0 0 0 each year to a Roth IRA. The IRA earns 3 . 6 % per year. How much will she have at the end of 2 5 years? If June's first payment...

Q:

June Watson is contributing $1,500 each year to a Roth IRA. The IRA earns 4.1% per year. How much will she have at the end of 35 years? If June's first payment is made with the establishment of the...

Q:

You just graduated and started your new job. Your starting salary is $70,000/year. Your employer's 401(k) plan states that your employer will contribute 1% of your salary to your 401(k) and the will...

Q:

You just graduated and started your new job. Your starting salary is $70,000/year. Your employer's 401(k) plan states that your employer will contribute 1% of your salary to your 401(k) and the will...

Q:

June Watson is contributing $ 2 5 0 0 each year to a Roth IRA. The IRA earns 4 . 2 % per year. How much will she have at the end of 4 0 years?

Q:

Complete the Following rations for Quixote Consulting used in Unis 2 and 3. You may use formulas as needed Formula (words) A. Liquidity Ratios 1. Current Ratio 2. Acid Test Ratio 3. Inventory...

Q:

How as an individual (with knowledge about continuity planning) would you persuade people that risk analysis does not involve false accusations, blame games, or hate campaigns- if these people are...

Q:

according to the ima statement of ethical professional practice what should a management accountant do if a sifgnificant ethical

Q:

Conenliratad Statamants of Onerations Consolidated Statements of Comprehensive Income See accompanying Notes to Consolidated Financial Statements. Consolidated Statements of Financial Position...