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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 2 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Tom opens an IRA that earns 7.3% compounded annually with a $1900 deposit on his 24th birthday. Tom continues to deposit $1900 into the IRA on each birthday and makes his last $1900 deposit on his 40th birthday. He then makes no more deposits until his 50th birthday. On his 50th birthday, Tom makes a $2600 deposit and he continues to deposit $2600 on each birthday with his last deposit on his 65th birthday. What is his IRA worth on his 65th birthday?
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