What will the maturity value be in forty years

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Problem 1: How much is a $90,000 IRA worth in 40 years if the interest rate is 4.27% and it is compounded monthly?

Problem 2: If you invest $90,000 in a mutual fund paying 5.27% interest compounded continuously, what will the maturity value be in 40 years?

Problem 3: If you invest $1200 on January 8 in a Christmas club, how much will you have on December 10 at 1.15% interest compounded daily?

Reference no: EM132966324

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