Robert wants to start an IRA that will have $550,000 in it when he retires in 25 years. How much should he invest quarterly in his IRA to do this if the interest is 6% compounded quarterly? Assume an Annuity Due. Round to the nearest cent.

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07-03-2021
Mathematics

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Robert wants to start an IRA that will have $550,000 in it when he retires in 25 years. How much should he invest quarterly in his IRA to do this if the interest is 6% compounded quarterly? Assume an Annuity Due. Round to the nearest cent.

Sagot :

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