Ally Gator has an IRA with a current balance of $22,500. Ally plans to continue depositing $8,000 annually into this account which earns 7%. After 40 years; what will the balance of Ally's IRA be?

$336,925

O $2,270,931

O $1,934,006

O $1,597,081

Ally Gator has an IRA with a current balance of $22,500. Ally plans to continue depositing $8,000 annually into this account Which earns 7%. After 40 years; what will the balance of Ally's IRA be? $336,925 52.270.991 51.934006 51,597,0111