When Sarah turned 18, she took $500 from her savings and opened a
ROTH IRA. Sarah chose to invest her money in a low fee index fund.
Based on historical data, Sarah predicts she can expect an average 7%
return on her money each year. If Sarah's prediction is correct, how
much will her $500 investment be worth when she is 68 years old?
(Assume she makes no other contributions to the account after the first
time)

Question

03-03-2022
Mathematics

Answered

Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Experience the ease of finding quick and accurate answers to your questions from professionals on our platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

When Sarah turned 18, she took $500 from her savings and opened a
ROTH IRA. Sarah chose to invest her money in a low fee index fund.
Based on historical data, Sarah predicts she can expect an average 7%
return on her money each year. If Sarah's prediction is correct, how
much will her $500 investment be worth when she is 68 years old?
(Assume she makes no other contributions to the account after the first
time)

Sagot :

We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.

A culture of bacteria doubles every 2 hours. if there are 500 bacteria at the beginning, how many bacteria will there be after 24 hours?

Which of the following types of government follows religious laws and leaders? oligarchy democracy theocracy dictatorship

What were the eastern, western and northern boundaries of Egyptian settlement ?

What happened as a result of the Frankfurt Assembly?

a farmer has planted 0.3 of his orchard with cherry trees. the orchard is 8.59 acres in size. how many acres are planted with cherry trees?

what number has 2 more tens than 40 and the same number of ones as 18?

Which position did William Howard Taft want more than the presidency of the United States? A. president of Princeton University B. governor of New Jersey C. chi

Which statement about the power of labor unions is true? a. U.S. courts regularly sided with unions in their disputes with factory owners. b. A union could shut

A recipe that makes 8 servings requires 3 1/2 cups of milk. Which of the following equations can be used to find the number of servings, x, that can be made usi

Question 1.1. Chef Romero takes a dozen large eggs from a refrigerator and uses an even number of eggs in a breakfast dish. The function p(e) = 6e gives the nu