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A woman makes deposits into her IRA, which earns 4.3% compounded continuously, for her retirement in 30 years. She makes
Posted: Mon Jul 11, 2022 11:05 am
by answerhappygod
- A Woman Makes Deposits Into Her Ira Which Earns 4 3 Compounded Continuously For Her Retirement In 30 Years She Makes 1 (33.97 KiB) Viewed 37 times
A woman makes deposits into her IRA, which earns 4.3% compounded continuously, for her retirement in 30 years. She makes an initial deposit of $2000, and she plans to make continuous deposits of $2000 per year from that point until she retires. How many dollars will she have accumulated in her IRA at the time of her retirement? (Round your answer to the penny, i.e. correct to two decimal places.) Warning! Only round your final answer according to the problem requirements. Be sure to keep as much precision as possible for the intermediate numbers. If you round the intermediate numbers, the accumulated rounding error might make your final answer wrong. (This is true in general, not just in this problem.)