Author Question: Dan plans to fund his individual retirement account (IRA) with a maximum contribution of $2,000 at ... (Read 81 times)

Wadzanai · **on:** Apr 25, 2021

Question 1

Consider an investor who invests $600 per month (end-of-month) over thirty years in a mutual fund that earns 1% per month. What is the future value of her savings?
◦ $2,096,978.48
◦ $2,606,514.35
◦ $2,159,806.22
◦ $2,122,696.21
◦ $2,545,722.36

Question 2

Dan plans to fund his individual retirement account (IRA) with a maximum contribution of $2,000 at the end of each year for the next 10 years. If Dan can earn 10 percent on his contributions, how much will he have at the end of tenth year? (Round to the nearest whole dollar)
◦ $12,290
◦ $20,000
◦ $31,875
◦ $51,880
◦ $27,468

Missbam101 · **Reply #1 on:** Apr 25, 2021

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 45% of students answer this correctly