Use the information below to answer Part A, Part B, and Part C. At 40, Jenna sets up an IRA in which she plans to deposit $2,500 per year at the end of the year until she is 70 years old. Her funds will earn 7% interest compounded annually, and the factor for her annuity is 94.46079. Part A: Determine the length of the IRA. Part B: How much will be in Jenna's account when she is 70 years old? Part C: Show your work to support your answer to Part B.



Answer :

Other Questions