Hailey starts an IRA (Individual Retirement Account) at the age of 36
36
to save for retirem...
Mathematics, 17.09.2021 06:50 nborowy9579
Hailey starts an IRA (Individual Retirement Account) at the age of 36
36
to save for retirement. She deposits $450
$
450
each month. The IRA has an average annual interest rate of 8%
8
%
compounded monthly. How much money will she have saved when she retires at the age of 65
65
? Round your answer to the nearest cent, if necessary.
Answers: 3
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