Ensure to abide by below guidelines. ANY DEVIATION FROM BELOW WOULD RESULT IN IMMEDIATE DOWNVOTE AND REPORTED TO CHEGG.

1. WRITE IN YOUR OWN WORDS. ZERO TOLERANCE FOR PLAGIARISM.

2. APPLY USA LAWS TO YOUR ANALYSIS. ANSWER THE QUESTION IN USA CONTEXT.

It is likely that each of you pays (or receives) some sort of annuity. Examples of annuity payments include rent and Netflix. An example of an annuity inflow is receiving rent from a roommate for a lease in your name. Once you start looking for them, you'll find them everywhere.

Your task is to:

1. Identify all the annuities to which you are currently a party (payer or recipient).
   • It's any set of cash flows of the same amount at the same interval, regardless of who is paying whom, or what the money is for. It can be a contractual obligation or just a habit (e.g. saving $20 per month to a vacation fund).
   • Count and describe them in your post.
2. Analyze one of those annuities...
   1. Choose a cash outflow that you have been paying for some time. (If you don't have one, make one up)
   2. Describe the payments you have made to date: amount, frequency, and duration (e.g. Made $300 monthly car payments for the last two years.)
   3. Imagine that you instead invested those payments in an S&P 500 index fund within a Roth IRA at an expected annual return of 12%.
   4. What would be the value of your Roth IRA today?
   5. Estimate the years you have remaining until age 65. If you added no further money to your Roth IRA, how much would it be worth at age 65?