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How large will my account be at retirement

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Reference no: EM132566408

Question - Suppose that you want to have $500,000 as a retirement nest egg in 30 years, and you plan to make equal monthly deposits to achieve your goal. If you are able to earn 6% (annually) on your savings, how much is monthly deposits have to be?

What if we make monthly deposits of $250 into your IRA that pays 12% interest

If first deposit will be made at the end of this month, how large will my retirement account be in 30 years?

If I decide to wait 10 years before starting your deposits, how large will my account be at retirement (in 20 years)?

Reference no: EM132566408

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