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FUSHATERE Shaylea, age 22, just started working full-time and plans to deposit $4,000 annually into an IRA earning 6 percent interest compounded annually. How much
FUSHATERE Shaylea, age 22, just started working full-time and plans to deposit $4,000 annually into an IRA earning 6 percent interest compounded annually. How much would she have in 20 years, 30 years, and 40 years? If she changed her investment period and instead invested $333.33 monthly, and the investment also changed to monthly compounding, how much would she have after the same three time periods? Comment on the differences over time. Click the table icon to view the future value FVIFA table: With annual investments and compounding, after 20years, Shaylea would have $ (Round to the nearest cent.)
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