How much will his roth ira be worth at that time

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Reference no: EM131838471

1. Frederick has $18,000.00 in his Roth IRA and is making a contribution today of $5000.00. He will make the same contribution each year for 29 more years, and he will earn 6.8% per year. How much will his Roth IRA be worth at that time?

2. Isabella can save $3100.00 by the end of each year, which she will put into an investment that pays 5.75% per year. How long will it take her to reach her goal of $40,000.00?

3. Jake can save $1200.00 by the end of each year for 7 years. His goal is to have $15,000.00 at the end of that time. What rate of return will his account have to pay for him to reach his goal?

Reference no: EM131838471

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