Annual investments and compounding

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Shaylea, age? 22, just started working? full-time and plans to deposit ?$4,600 annually into an IRA earning 7 percent interest compounded annually. How much would she have in 20 ?years, 30 ?years, and 40 ?years? If she changed her investment period and instead invested ?$383.33 ?monthly, and the investment also changed to monthly? compounding, how much would she have after the same three time? periods?

With annual investments and compounding, what would Shaylea have after 20, 30 and 40 years? (Round to nearest cent)

With monthly investments and monthly compounding interest, what would Shaylea have after 20, 30 and 40 years? (Round to nearest cent)

Reference no: EM133074111

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