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You are going to invest in either a Traditional IRA or a Roth IRA for 30...

You are going to invest in either a Traditional IRA or a Roth IRA for 30 years. You plan to invest $100 per month in either choice. The Traditional IRA is paying 8% APR compounded semiannually at the beginning of the month. The Roth IRA is paying 7% APR compounded quarterly at the end of the month. What is the difference in dollars between the two choices when you retire?

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ANSWER : 28446.10

jeff jeffy answered 1 year ago
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