Question: You deposit $ 2 0 0 0 into a saving plan at the end of each year for three years. The historical rate of return
You deposit $ into a saving plan at the end of each year for three years. The historical rate of return is equivalent to per year compounded annually.
a Assuming the historical rate of return, find the value of the annuity after three years.
b Find the earnings from this investment.
At the age of to save for retirement, you decide to deposit $ at the end of each month into an IRA that earns the equivalent of compounded monthly.
a How much will you have from the IRA when you retire at age
b Find the earnings from this investment.
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