How much amount would be in account on birthday


The man deposits $2,000 in an IRA on his 21st birthday and on every subsequent birthday up to, and comprising his 29th (nine deposits in all). Amount earns 8% compounded annually. If he leaves money in account without making any more deposits, how much will have on 65th birthday, suppose account continues to earn same rate of interest? How much would be in account (to nearest dollar) on 65th birthday if he had began deposits on his 30th birthday and continued making deposits on birthday until (and including) his 65th birthday?

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Mathematics: How much amount would be in account on birthday
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