SOLUTION: Cecelia Thomas is a sales executive at a Baltimore firm. She is 25 years old and plans to invest $2,100 every year in an IRA account, beginning at the end of this year until she tu

Question 1091643: Cecelia Thomas is a sales executive at a Baltimore firm. She is 25 years old and plans to invest $2,100 every year in an IRA account, beginning at the end of this year until she turns 65 years old. If the IRA investment will earn 11.85 percent annually, how much will she have in 40 years, when she turns 65?
Answer by ikleyn(52855) (Show Source): You can put this solution on YOUR website!
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If you want to learn this subject, read the lesson
- Ordinary Annuity saving plans and geometric progressions
in this site.

It contains the theory and detailed solutions of similar problems.

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