Assume you are saving your money in Roth IRA

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Reference no: EM132008818

Class, if you are 25 years old and you believe you can save $2,500 per year every year until you retire at age 67, how much money will you accumulate if your average rate of return you will earn on your money is 5%? Assume you are saving your money in an Roth IRA, so there will be no tax impacts at all. Show your work or explain you solved this one.

Reference no: EM132008818

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