SOLUTION: By putting $25 each month into an IRA that pays 4.5% compounded monthly, I'll be able to retire comfortably in just 35 years. Determine whether the statement makes not make sense

Question 1031152: By putting $25 each month into an IRA that pays 4.5% compounded monthly, I'll be able to retire comfortably in just 35 years.
Determine whether the statement makes not make sense and explain your answer.
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
By putting $25 each month into an IRA that pays 4.5% compounded monthly, I'll be able to retire comfortably in just 35 years.
Determine whether the statement makes not make sense and explain your answer.
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The amount after 35 years can be computed.
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"comfortably" is not a defined math term.

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