[Solved] Ally Gator has an IRA with a current bala

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Ally Gator has an IRA with a current balance of $32,500. Ally plans to continue depositing $8,000 annually into this account which earns 8%. After

Ally Gator has an IRA with a current balance of $32,500. Ally plans to continue depositing $8,000 annually into this account which earns 8%. After 40 years, what will the balance of Ally's IRA be? $3,484,546 $2,778,499 $2,072,452 $706,047

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