At age 25, to save for retirement, you decide to deposit $75 at the end of each month in an IRA that pays 6.5% compounded monthly.
- How much will you have from the IRA when you retire at age 65?
- Find the interest.
At age 25, to save for retirement, you decide to deposit $75 at the end of each month in an IRA that pays 6.5% compounded monthly.