1. Business
  2. Economics
  3. a young graduate engineer wants to know the equivalent future...

Question: a young graduate engineer wants to know the equivalent future...

Question details

A young graduate engineer wants to know the equivalent future worth if she invests a uniform series amount of $6,000 each year for the next 35 years in an individual retirement account (IRA). Assuming a 6% per year rate of return, she wants to calculate the total future compound amount of the IRA accumulation after 35 years.

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution