Solved: Morris stocks has a roth ira with 2200 payments each year, Mathematics

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Morris stocks has a roth ira with 2200 payments each year

Question: 1. Morris Stocks has a Roth IRA with $2,200 payments each year for 11 years in an account paying 7% annual interest. What is the future value of the annuity due at the end of this period of time?

2. How much will you need to invest today to have quarterly payments of $800 for ten years? The interest rate is 8% annually, compounded quarterly.

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Mathematics: Morris stocks has a roth ira with 2200 payments each year

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Mathematics: Morris stocks has a roth ira with 2200 payments each year

Reference No:- TGS02423350

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