A Roth Individual Retirement Account allows you to draw a fixed amount that is not taxed. The maximum amount that an individual

Question

3 years ago

6

A Roth Individual Retirement Account allows you to draw a fixed amount that is not taxed. The maximum amount that an individual

can contribute annually to a Roth IRA is $5,000. Determine the future value of such an account given that the annual percent rate is 1.2%, and an annual payment of $2,675.32 is made at the end of each year for 30 years. Round to the nearest cent.

Mathematics

1 answer:

yuradex [85] · Answer 1 · 2022-02-18T12:37:47+03:00

yuradex [85]3 years ago

4 0

A roth individual retirement account allows you to draw a fixed amount that is not taxed. let me know if im right