9
QuizMultiple Choice

Annuities

Question 9 • FT GMS AMDM B IC – 72

A friend creates an IRA (Individual retirement account) with an APR of 6.25%. She starts the IRA at the age of 25 and deposits $50 at the end of each month. How much will her IRA contain when she retires at the age of 65?a.$106,435.62c.$106,601.32b.$106,595.63d.$106,613.15

Answer
A
A
B
B
C
C
D
D
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