1) Jill decides to open an IRA and make monthly deposits of $285 monthly at a fixed interest of 3

Finance Dec 22, 2020

1) Jill decides to open an IRA and make monthly deposits of $285 monthly at a fixed interest of 3.92% compounded monthly. If she is currently 22 years old, how much will be in her IRA when she is 65?

PLEASE DO IT ON EXCEL SHOWING THE VALUES FOR

PMT, r, n, m, I, n, FV

Expert Solution

$382,209.85 will be in her IRA when she is 65.

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