You have inherited $10,000 from your wonderful Aunt Bessie. You decide to spend 3,972 on a vacation.
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Question:
You have inherited $10,000 from your wonderful Aunt Bessie. You decide to spend 3,972 on a vacation. The rest you will invest in a Roth IRA. You expect it to earn 10.6% over the next 45 years. How much will you have to use for retirement in 42 years?
Post your answer as a positive whole number. For example 40,000.
Related Book For
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
Posted Date: