Roth IRA Graduating Students - 71093

Solution Posted by
bestwritter

bestwritter

Rating : (2)F
Solution Detail
Price: $10.00
  • From: Business,
  • Posted on: Tue 05 Aug, 2014
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description

 

a graduating students wants to compare the difference between investing now and investing later. A financial advisor who spoke to the student suggested that a Roth IRA ( Individual Retirement Account) would be a good investment for him to start.

 

 

 

if the  student purchases a $2000 Roth IRA when he is 25 years old and expects to earn an average of 1% per years compounded annually over 35 years (until he is 60), how much will accumulate in the investment?

 

Round to the nearest cent as needed

Solution Description

Best Answer,

Attachments
roth ira graduating student solution.xlsx
roth ira gradua...