An individual purchased a $2000 Roth IRA when he was 25 years old. At 6 % per annum compounded annually for 35 years when he will be 60. How much will he obtain from the investment?
Listed below are the things that will be in play for the calculation:
Initial investment (PV)
Compounding frequency ( Choose one)
Number of compounding (m) ( for quarterly, type 4; for semiannually type 2; for monthly, type 12.
for daily, type 365 )
Quoted rate divided by M=rate
Number of years
NPER (num. of years*m)
What is the Ending Amount (FV?)
Recently Asked Questions
- If h(x)=f(g(x)) then find h'(1) by using the table below. Show each step clearly with explanation.
- The measurement of the auditor 's assessment of the likelihood that there are material misstatements due to error or fraud in a segment before considering the
- Nadine belongs to an egalitarian society , one in which few distinctions are made between individuals and groups . Her society is low on _____ .