Homework help needed

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Tom plans to fund his individual retirement account (IRA) with a maximum contribution of $2000 at the end of each year for the next 20 years/ If Tom can earn 12% on his contributions, how much will he have at the end of 20th year. (Round to nearest whole dollar)

Jun 22nd, 2015

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Answer : $161397.47    Nearest whole dollar = $ 161397

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Jun 22nd, 2015

the mutiple choice answers does not match your answer

Jun 22nd, 2015

144104.88

Jun 22nd, 2015

yes correct

Jun 22nd, 2015

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