Name _____________________________________________________________ Date ________________________
Exercises
1. Ethan is 48 years old. He is planning on retiring when he turns 62. He has opened an IRA
with an APR of 2.95% compounded monthly. If he makes monthly deposits of $850 to the
account, how much will he have in the account when he is ready to retire?
Retirement Income from Savings
9-1
or duplicated, or posted to a publicly accessible website, in whole or in part.
or duplicated, or posted to a publicly accessible website, in whole or in part.
or duplicated, or posted to a publicly accessible website, in whole or in part.
or duplicated, or posted to a publicly accessible website, in whole or in part.
or duplicated, or posted to a publicly accessible website, in whole or in part.
or duplicated, or posted to a publicly accessible website, in whole or in part.