Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. joe wants to start an sep-ira that will have $460,

Joe wants to start an SEP-IRA that will have $460,000 in it when he retires...

90.2K

Verified Solution

Question

Finance

image

Joe wants to start an SEP-IRA that will have $460,000 in it when he retires in 15 years. How much should he invest semiannually in his IRA to do this if the interest is 15% compounded semiannually? Round to the nearest cent OA. $17,612.13 O B. $4435.77 OC. $4448.77 O D. $4790.74

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students