How much would she have in 20 years

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Shayla age 22 just started working full time and plans to deposit 5,500 annually into an IRA earning 7percent compounded annually. Deposits will be made at the end of each year. How much would she have in 20 years, 30 years, and 40 years? If she changed her investment period and instead invested $458.33 monthly and the investment also changed to monthly compunding how much would she have after the same three time periods?

Reference no: EM132438402

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