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?

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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) About Me  (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.