A 35-year old woman has $310,090.00 in an IRA account. Due to medical concerns of a family member, she decided to make no additional contributions to the account but expect it to grow at 6.5% compounded annual. How much does she expect to have in the account when she retires at age 65? The IRA should be worth $ (Round to 2 decimal places.)

A 35-year old woman has $310,090.00 in an IRA account. Due to medical concerns of a family member, she decided to make no additional contributions to the account but expect it to grow at 6.5% compounded annual. How much does she expect to have in the account when she retires at age 65? The IRA should be worth $ (Round to 2 decimal places.)

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter14: Planning For Retirement

Section: Chapter Questions

Problem 8FPE

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