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

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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) About Me  (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.