If you saved your tax refund $12,900.87, quit buying vendor coffee for one year $4,483.97 and decided to contribute $2,400 (you saved $200 per month) in your Roth IRA, how much would you have for retirement if you could invest these savings at 5% compounded annually for 30 years for this one year of savings?

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23-07-2024
Business

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If you saved your tax refund $12,900.87, quit buying vendor coffee for one year $4,483.97 and decided to contribute $2,400 (you saved $200 per month) in your Roth IRA, how much would you have for retirement if you could invest these savings at 5% compounded annually for 30 years for this one year of savings?

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