23: Lauren plans to deposit $5000 into a bank account at the beginning of next month and $225/month into the same account at the end of that month and at the end of each subsequent month for the next 5 years. If her bank pays interest at a rate of 4%/year compounded monthly, how much will Lauren have in her account at the end of 5 years? (Assume she makes no withdrawals during the 5-year period. Round your answer to the nearest cent.)

25: Suppose that Ramos contributes $5500/year into a traditional IRA earning interest at the rate of 4%/year compounded annually, every year after age 37 until his retirement at age 67. At the same time, his wife Vanessa deposits $3850/year (the amount after paying taxes at the rate of 30%) into a Roth IRA earning interest at the same rate as that of Ramos. Suppose that Ramos withdraws his investment upon retirement at age 67 and that his investment is then taxed at 30%. (Round your answers to the nearest cent.)

How much will Ramos's investment be worth (after taxes) at that time

How much will Vanessa's investment be worth at that time?