Individual retirement? account

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Reference no: EM131177430

At age 23?, someone sets up an IRA? (individual retirement? account) with an APR of 55?%. At the end of each month he deposits ?$50 in the account. How much will the IRA contain when he retires at age? 65? Compare that amount to the total deposits made over the time period. After retirement the IRA will contain ?$ nothing. ?(Do not round until the final answer. Then round to the nearest cent as? needed.) The total deposits made over the time period is ?$. ?(Type a whole? number.)

Reference no: EM131177430

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Individual retirement? account : At age 23?, someone sets up an IRA? (individual retirement? account) with an APR of 55?%. At the end of each month he deposits ?$50 in the account. How much will the IRA contain when he retires at age? 65? Compare that amount to the total deposits ma..

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