How Much Will You Have in a Roth IRA If

question 42

Multiple Choice

How much will you have in a Roth IRA if you invest $5,000 a year for 35 years, if money earns 6 percent, and you make the investment at the beginning of each year?

• A) $474,181.61
• B) $557,173.89
• C) $451,601.54
• D) $590,604.33

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Definitions:

Discrete Random Variable

A variable that can take on a countable number of distinct values, often representing categories or counts.

Nonnegative Probabilities

Probabilities that are greater than or equal to zero, as negative probabilities do not exist in standard probability theory.

Discrete Random Variable

A variable that represents counts or whole number values, having distinct and separate values which result from a counting process.

Discrete Random Variable

A variable that can take on a finite or countably infinite set of values, each with a specific probability.