Suppose
that you wish to save for your child’s college education by opening up
an educational IRA. You plan to deposit $100 per month into the IRA for
the next 18 years. Assume that you will be able to earn 10%, compounded
monthly, on your investment. How much will you have accumulated at the
end of 18 years? A. $33,548 B. $21,600 C. $85,920 D. $60,056 E. $54,719
No comments:
Post a Comment
Note: only a member of this blog may post a comment.