Indivdual retirement account beginning

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Reference no: EM131009935

A) If an individual places $4,000 per year into a Roth indivdual retirement account beginning at age of 35, how much cash will have accumulated by age 65 if 8% interest is erned each year?

B) How much income per year will be generated by this sum if a 25 year annuity is purchased which earns 4% annual interest?

C) How much cash will an individual have at age 65 if he or she invests $4,000 per year into a Roth IPA beginning at age 25 and earns 9% interest per year?

D) How much income per year will be generated by this sum if a 25 year annuity is purchased which earns 4% annual interest?

Reference no: EM131009935

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