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    Tiggermao's Avatar
    Tiggermao Posts: 1, Reputation: 1
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    #1

    Sep 30, 2008, 08:31 PM
    What is the difference in value of IRAs?
    Two brothers each open IRAs in 2007 and plan to invest $2000 per year for the next 30years. JOhn makes his first deposit on January 1, 2007, and will make all future deposits on the first day of the year. Bill makes his first deposit on December 31, 2007 and will continue to make his annual deposits on the last day of each year. At the end of 30 years, the difference in the value of the IRAs , assuming an interest rate of 5% per year, will be?
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    ScottGem Posts: 64,966, Reputation: 6056
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    #2

    Oct 6, 2008, 09:02 AM

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