Solution-Difference in account value

Difference in account value

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Colin is trying to decide whether he should make his IRA contribution at the beginning of the year or at the end of the year. He wants to save $5K for 25 years in his IRA that can earn 7% per year. What would be the difference in his account value of he made the payments at the beginning of each year rather than at the end?

Reference no: EM131401720

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Difference in account value

Reference no: EM131401720

Reference no: EM131401720

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