Roth IRA Graduating Students - 71093

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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

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roth ira graduating student solution.xlsx
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