SOLUTION: A girl makes annual deposits of $1900 to an an IRA earning 15% compounded annually for 20 years. What is the value of her IRA at the end of 20 years?

Question 1188862: A girl makes annual deposits of $1900 to an an IRA earning 15% compounded annually for 20 years. What is the value of her IRA at the end of 20 years?
Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
pmt = 1900
payments are at the end of each year.
number of years is 20.
interest rate per year = 15% compounded annually.

i used the financial calculator at https://arachnoid.com/finance/index.html

the results are shown below:

inputs were everything except fv.
output was fv.

future value after 20 years is 194,642.81.

i also did an excel analysis.
it shows year by year remaining balance in the account.

here's the results.

RELATED QUESTIONS
Emily Fields makes annual deposits of $1100 to an an IRA earning 15% compounded annually (answered by Theo)

Emily Fields makes annual deposits of $1100 to an an IRA earning 15% compounded annually... (answered by ikleyn)

Rochelle deposits $5,000 in an IRA. What will be the value (in dollars) of her investment (answered by ikleyn)

I have an idea of how to do this problem but would appreciate help to make sure I am... (answered by Theo)

f a merchant deposits $1,500 annually at the end of each tax year in an IRA account... (answered by lynnlo)

If a merchant deposits $2,000 annually at the end of each tax year in an IRA account... (answered by josmiceli)

To save for their retirement, a couple deposits $4000 in an account that pays 5.9% annual (answered by nerdybill)

An investment broker deposits $2000 into an account that earns 4.4% annual interest... (answered by rfer)