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Problem 1: You are going to invest in either a Traditional IRA or a Roth IRA for 30 years. You plan to invest $200 per month in either choice. The Traditional IRA is paying 8% APR compounded quarterly at the end of the month. The Roth IRA is paying 9% APR compounded daily at the beginning of the month. What is the difference in dollars between the two choices when you retire?
Group of answer choices
Option 1: $77,039.2489
Option 2: $6,427.5400
Option 3: $6,419.9374
Option 4: $77,130.4803
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