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Nicole is considering opening a Roth Individual Retirement Account. If she invests into the Roth IRA, determine the amount in the account if she makes annual payments of $4,291 …

Nicole is considering opening a Roth Individual Retirement Account. If she invests into the Roth IRA, determine the amount in the account if she makes annual payments of $4,291 …
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4 votes
Nicole is considering opening a Roth Individual Retirement Account. If she invests into the Roth IRA, determine the amount in the account if she makes annual payments of $4,291 into an account paying 2.23% interest compounded annually for 30 years.

asked
User Cassmtnr
by
8.7k points

2 Answers

7 votes

Answer:

$180,488.86

Step-by-step explanation:

answered
User BorisOkunskiy
by
8.3k points
6 votes

$180,488.86 will be the amount in her account in 30 years

answered
User LuxuryWaffles
by
8.0k points
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