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Discuss the problem of the marvin murphy

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Reference no: EM131627702

Question: 1. June Watson is contributing $3,000 each year to a Roth IRA. The IRA earns 3.2% per year. How much will she have at the end of 25 years?

2. Marvin Murphy contributes $400 per month to a payroll deduction 401(k) at work. His employer matches his contribution up to $200 per month. If the fund averages 5.4% per year, how much will be in the account in 10 years?

Reference no: EM131627702

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