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  3. starting at age 30 you deposit 2000 a year into an

Starting at age 30 you deposit 2000 a year into an IRA account for retirement...

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Basic Math

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Starting at age 30 you deposit 2000 a year into an IRA account for retirement Treat the yearly deposits into the account as continuous income stream If money in the account earns 6 compounded continuously how much will be in the account 35 years later when you retire at age 65 How much of the final amount is interest What is the value of the IRA when you turn 65 Round to the nearest dollar as needed

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