Question: Question 1 (0.5 points) You plan to deposit $600 each year into an IRA earning 6% interest annually. How much will you have in your
Question 1 (0.5 points) You plan to deposit $600 each year into an IRA earning 6% interest annually. How much will you have in your account in 15 years? Your Answer: Answer Question 2 (0.5 points) You have a child who will start college in 18 years, and you plan to set aside $1,000 a year for her college education during that period. You estimate that you will earn an annual interest rate of 8% on your investment. What amount can you expect to have available for your child when they start college? Your
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
