Math  /  Algebra

QuestionHailey starts an IRA (Individual Retirement Account) at the age of 28 to save for retirement. She deposits $450\$ 450 each month. The IRA has an average annual interest rate of 8%8 \% compounded monthly. How much money will she have saved when she retires at the age of 65 ? Round your answer to the nearest cent, if necessary.
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Studdy Solution
Hailey will have approximately $1,445,072.50\$1,445,072.50 saved in her IRA when she retires at age 65.

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