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Question 1161007: Starting at age 35, you deposit $2000 a year into an IRA account. Treat the yearly deposit into the account as a continues income stream. If money iN the accounts earns 7%, compounded, how much will be in the account when you’re retire at age 65?
Answer by Edwin McCravy(20086)   (Show Source):
You can put this solution on YOUR website!
To tutors on algebra.com
I've been tutoring on Algebra.com since its beginning in the late 1990's. I was
still teaching math back then. Tutoring online has always been just an
enjoyable hobby with me, not anything to make money doing. I retired from
teaching in 2005.
When I started way back in the 90's, I had been tutoring on a site that preceded
this one and had closed. The founder of this site, Igor Chudov, contacted me
about my thoughts of his starting algebra.com.
Would you guys like to know why so many of these posts are so badly-worded?
I'll tell you but you probably won't like it. Back then this site was really
hopping!! There were way too many posts but not nearly enough tutors to keep up
with them.
Back then, we could pick-and-choose which ones we would answer. Obviously, we
would solve the most interesting ones and skip all the badly-worded ones. So
they scrolled off with no solution. In fact most of them did scroll off, even
many that were well-worded. Now those posts that we skipped back then that
scrolled off are coming back around. Now you know if you didn't already.
Now students are going to AI for solutions, not to humans. Sorry to give you bad
news, but it's the truth. Sadly, for you and me, to continue solving problems here is a waste of time.
You might as well get yourself an algebra book and solve problems in it for your
own amusement. I wish you well in your search for a new enjoyable hobby. But AI
has taken this one over.
Edwin McCravy
anlytcphil@aol.com
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