PLEASE HELP WILL GIVE BRAINLIST
Part 1:
What is the total maximum allowable contributio...
Mathematics, 09.12.2020 16:20 amychan123
PLEASE HELP WILL GIVE BRAINLIST
Part 1:
What is the total maximum allowable contribution per year in a standard IRA?
What is the total maximum allowable contribution per year in a Roth IRA?
Part 2:
Mike will start with $1 in his Roth IRA…..But Mike will start making payments of $100 per pay check in his Roth IRA. Mike gets paid weekly. He wants to pull the money out after 30 years of saving. His broker has guaranteed are rate of return of 6%. With compound interest, how much money will he have in his Roth IRA after 30 years of investing?
Special Note: Please know the answer is not $144,000.
Answers: 2
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