A graduating student wants to compare the difference between investing now and Investing later. A financial advisor who spoke to the student suggested that a Roth IRA (Individual Retirement Account) would be a good investment for him to start. Complete parts 1. through 4. below. Click here to see page one of the table for the future value of $1.00 Click here to see page two of the table for the future value of $1.00 1. If the student purchases a $2000 Roth IRA when he is 25 years old and expects to earn an average of 8% per year compounded annually over 39 years (until he is 60), how much will accumulate in the investment? $ 29570.69 (Round to the nearest cent as needed.) 2. If the student doesn't put the money in the IRA until he is 35 years old, how much money will accumulate in the account by the time he is 60 years using the same return of 8%? $ (Round to the nearest cent as needed.) A1 Future Value or Compound Amount of $1.00 S88 1.12155 1.12716 1.1328 1.13846 1.14415 1.14987 1.15562 1.1614 1.25716 1.26973 1.28243 1.29526 1.30821 1.32129 1.3345 1.34785 1.00 D LM 1.40838 1.5769 1.76461 1.97359 2.20611 2.46472 2.75217 3.07152 3.42615 1.4295 1.60844 1.80873 2.03279 2.28333 2.5633 2.87601 3.2251 3.61459 1.45095 1.64061 1.85394 2.09378 2.36324 2.665843.00543 3.38635 3.81339 1.47271 1.67342 1.90029 2.15659 2.44596 2.77247 3.14068 3.55567 4.02313 1.4948 1.706891.9478 2.221.29 2.53157 2.883373.28201 3.733464.2444 1.51722 1.741021.9965 2.28793 2.62017 2.99873.4297 3.92013 4.47754 1.53998 1.77584 2.04641 2.35657 2.71188 3.11865 3.58404 4.11614 4.72412 1.56308 1.81136 2.09757 2.42726 2.80679 3 .2434 3.74532 4.32194 4.98395 1.50 2.00% 2.50 3.00% 3.50 4.00 4.50 5.00% 5.50% 34 Periods 0.50% X Future Value or Compound Amount of $1.00 CDF Future Value or Compound Amount of $1.00 Periods 1.18 1.21 Rate per period 6.00% 16.30N 7.00 7.50 .00 8.50 9.00% 9.50 10.00 11.00 12.00PX 1.065 1.07 1.075 1.08 1.085 1.03 1.12161.111 1.1449 1.155631.1064 1.17723 1.19102 1.20/951.22504 1.2423 1.29871 1.277291.23503 1 1 .16 1.40493 1.262181 .28621.3108 1.335471.16049 1.385861.411581.43/06 1.4641 1.5170/ 1.57152 1.33823 1.37009 1.40255 1.435631.409331.50.100 1.53862 1.522 1.61051 1.08506 1.70214 1.418521 .459141.50073 1.4 1.586871.611411.6771 1.723221.77156 1.87041 1.97382 1.50363 1.55399 1.60578 1.65905 1.713821.77014182804 1.88735 1.948722.076102.21008 1.593851 .655 1.71819 1.7 1.8503 1 ..206 1.9992532.00687 2.14359 2.30454 2.47596 1.6848 1.76257 1.83846 1.91724 1.999 2.08.136 2.171892.263222.357352.55042.77308 1.79085 1.87714 1.967152 .061032.15892 2.200982.367362.4712329174 2.8.1923.10585 1.8983 1.99915 2.104852.215612.33164 2.453172.58043 2.713002.853121.151763.47835 2.01222.1291 2.25219 2.381782.51817 2.66169 2.81266 2.97146 3.13843 3.49845 3.89598 2.13293 2.26749 2.40985 2.56041 2.719622.88793 300658 3.25375 3.452273.88328 4.36349 2.2609 2.4148712.57853 2.752442.937193.1314341733.50285 3.7975 4.310144.88711 2.39656 2.57184 2.739032.95888 3.172173.399743.642483.90132 4.17725 4.784595.47357 2.54035 2.73901 2.9521013.18079 3.425943.688723.97031 4.27195 4.59497 5.31089 0.13069 2.69272 2.917053.155823.419353.700024.002204.32763 4.677785.05447 5.89509 2.85434 3.10665 3.379933 .6758 3.99602 4.342454.717125.12217 5.55992 6.54355 3.0256 3.30859 3.61653 3.951494 .3157 4.711565.141665.608786.11591 7.20334 8.61276 3.52365 3.869684.24785 4.60096 5.112055.60441 6.141616.7275 8.06231 9.64629 3.75268 4.14056 4.566445.033835.54657 6.10881 6.72507740025 8.94917 10.80385 4.43044 .90892 5.43654 6.018036.65867.363958.140279.93357 12.10001 3.81975 4.25639| 4.740535 .277095.87140 6.52950 7.257878063528 .9543 11.02627 13.55235 Click to copy $1 Future Value A1 o Future Value or Compound Amount of $1.00 WAN 1.12155 1.12716 1.1328 1.13846 1.14415 1.14987 1.15562 1.1614 1.25716 1.26973 1.28243 1.29526 1.30821 1.32129 1.3345 1.34785 1.00 D LM 1.40838 1.5769 1.76461 1.97359 2.20611 2.46472 2.75217 3.07152 3.42615 1.4295 1.60844 1.80873 2.03279 2.28333 2.5633 2.87601 3.2251 3.61459 1.45095 1.64061 1.85394 2.09378 2.36324 2.665843.00543 3.386353.81339 1.47271 1.67342 1.90029 2.15659 2.44596 2.77247 3.14068 3.55567 4.02313 1.4948 1.70689 1 .9478 2.22129 2.53157 2.883373.28201 3.73346 4.2444 1.51722 1.741021.9965 2.28793 2.620172.99873.4297 3.92013 4.47754 1.53998 1.77584 2.04641 2.35657 2.711883.11865 3.58404 4.11614 4.72412 1.56308 1.81136 2.09757 2.42726 2.80679 3 .2434 3.74532 4.32194 4.98395 1.50 2.00 2.50 3.00% 3.50 4.00 4.50 5.00% 5.50% 34 Periods 0.50
