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elis3sSa8ntAsr
elis3sSa8ntAsr elis3sSa8ntAsr
  • 13-09-2016
  • Mathematics
Answered

Stan wants to start an IRA that will have $250,000 in it when he retires in 25 years. How much should he invest semiannually in his IRA to do this if the interest is 6% compounded semiannually? Assume an Annuity Due. Round to the nearest cent.

Verified Answer :

josquarn
josquarn josquarn
  • 15-09-2016

$1,041,666.70 I'm not sure but that what I think the answer is

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