You will find both a Turbo Pascal 3.01A and a Basic version of the
IRA Calculator.

The Basic version uses double precision so has more digits of accuracy.
BELIEVE IT OR NOT the basic version runs about 1.5 times FASTER than the
Turbo Pascal version.

This calculation only adds interest at the end of the year and expects
that the money is in the account for the full year.

For the interest rate select a rate you HOPE will be an average rate you
will obtain.  If you only want to see what one account will earn after a
# of years then only enter an amount of an initial investment.  If you
plan on opening an IRA every year until retirement then enter the amount
at the yearly investment prompt.

Try playing with the interest rate. you will see that when long periods
of time are involved minor changes in the rate can make large changes
in the final amount.



                                   Dave Huntoon
                                   02/13/86

SPARROW BBS
716-377-1113