anahi
anahi asked in Business & FinancePersonal Finance · 5 months ago

I deposit $5000 in an IRA, which is earning 8% interest per year. Whats an equation model to represent this? Whats amount worth in 25 years?

2 Answers

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  • fcas80
    Lv 7
    5 months ago

    A = 5000 * 1.08^t

    5000 * (1.08^25) = 34242.38

  • Anonymous
    5 months ago

    move to homework help. cheater

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