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Determine how much will have if wait ten years

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You are graduating from college at the end of this semester and after reading the The Business of Life box in this? chapter, you have decided to invest ?$5,700 at the end of each year into a Roth IRA for the next 46 years.

Problem 1: If you earn 9 percent compounded annually on your? investment, how much will you have when you retire in 46 ?years?

Problem 2: How much will you have if you wait 10 years before beginning to save and only make 36 payments into your retirement? account?

Reference no: EM132831268

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