Kenneth S. answered • 10/21/16

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Lila B.

asked • 10/21/16How much with the IRA contain when he retires at age 65?

The total deposits made over time?

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Kenneth S. answered • 10/21/16

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Expert Help in Algebra/Trig/(Pre)calculus to Guarantee Success in 2018

The model equation is A = P(1 + r/t))^{(nt)}

A the total amount

P the initial investment

r rate of interest, written in decimal form

n the number of times interest is determined each year

t time in years

Thus, A = 50(1 + 0.06/12)^{(12*42) } = $617.54

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