The Business of Life

{ lated to The Business of Life: Saving for Retirement] {Future value of an ordinary annuity] You are graduating from college at the end of this semester and
a r reading the The Business of Life box in this chapter, you have decided to invest $5,200 at the end of each year into a Roth IRA for the next 41 years. If you eam
T percent compounded annually on your investment, how much will you have when you retire in 41 years? How much will you have ityou wait 10 years beiore
beginning to save and only make 31 payments into your retirement account?

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