Jim and Jane plan to invest $2,000 a year in an educational IRA for their granddaughter

Accounting Dec 18, 2020

Jim and Jane plan to invest $2,000 a year in an educational IRA for their granddaughter. They will make these deposits at the end of each year. They feel they can safely earn 6%. How much will be in this account at the end of the 18th year? Use the tables for your answer and please show your work.

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