Question
d. Sanda and Thura's ideal is for Thura to work for a few years and then be a stay-athome dad II he invested $4,000 for
d. Sanda and Thura's ideal is for Thura to work for a few years and then be a "stay-athome dad" II he invested
$4,000
for 10 consecutive years in a Roth IRA that earned 9.9 percent annually, how much would Thura have affer 40 years? (Note: The first 10 years are an annuity, after which the balance will continue to grow, without deposits, for the remaining 30 years.)\ At the end of the 10 years, Thura's Roth IRA would be worth approximately
$63,445
. (Round to the nearest dollar.)\ If Thura leaves the Roth IRA for another 30 years earning 9.9 percent annually, it would be worth 5 (Round to the nearest dollar.)
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