Question: Self-employed persons can make contributions for their retirement into a special tax-deferred account called a Keogh account. Suppose you are able to contribute $10,000 into

Self-employed persons can make contributions for their retirement into a special

Self-employed persons can make contributions for their retirement into a special tax-deferred account called a Keogh account. Suppose you are able to contribute $10,000 into this account at the end of each year. How much will you have at the end of 25 years if the account pays 2% annual interest? (Round your answer to the nearest cent.) 242973.70

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