Barry Cuda currently has $15,000 in his Roth IRA which has been earning 7%. Barry is planning on depositing $5500 annually for the next 40 years into this IRA. Assuming Barry's IRA continues earning 7% annually, what will Barry's IRA be worth at the end of 40 years?

Group of answer choices

$1,113,020

$1,322,630

$780,000

$967,955

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