IRA of 6.25. starts it at age 25, and deposits $50 per month,retires at age 65

Question

A friend creates an IRA with an APR of 6.25, She starts the IRA at age 25 and deposits $50 per month, How much will her IRA contain when she retires at age 65?

Answer 1

IRA... start at age=25, end: age=65, 40 yeers

start with 0$ but add 50$/month

yu klaem %interest=6.25%\

Kan kalk the numbers for that, but yu need tuno, nowon garantee tu pae same %

over 40 yeers.  Even long term guvt bonds=30 yeers.

also: wen yu add $/month, standard softward will kompound evree month

long term bonds pae dividend per QUARTER

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anser=107,150.81$

for a "normal middel klass" famlee, thats not neer nuf