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    • 2 years ago

    Ricky is 24 years old and starting an IRA (individual retirement account). He is going to invest $200 at the beginning of each month. The account is expected to earn 2.95% interest, compounded monthly. How much money will Ricky have in his IRA when he retires, at age 65? $108,024.51 $125,609.25 $191,398.49 $265,037.90

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    1. amistre64
      • 2 years ago
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      sounds like a future value of an annuity due

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    spraguer (Moderator)
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