Homework: Chapter 3 Homework Sav Score: 0 of 1 pt 7 of 14 (8 complete) HW Score: 32.14%, 4.5 of 14 Problem P3-12 (similar to) Question Help Shaylea, age 22. just started working full-time and plans to deposit 55,100 annually into an IRA earning 8 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 $425.00 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 annuity table With annual investments and compounding, after 20 years, Shaylea would have s . (Round to the nearest cent) Enter your answer in the answer box and then click Check Answer 6 parts remaining Clear All Check Answer 7103 earch a hp ) Pro HW Score: 32.149 Data Table aylea, we in 20 mpound nuity tal n hannu 1 2 3 4 5 6 7 8 9 10 11 12 13 3% 1.000 2.030 3.091 4.184 5.309 6.468 7662 8.892 10.159 11 464) 12.808 14.192 15.618 4% 1.000 2040 3.122 4 246 5.416 6.633 7.898 9.214 10.583 12.006 13.486 15 026 16.627 5% 1.000 2050 3 153 4.310 5.526 6.802 8.142 9.549 11.027 12.578 14.207 15.917 17 713 Compound Sum of an Annuity of $1 (FVIFA) 6% 7% 8% 9% 1.000 1.000 1.000 1000 2.060 2.070 2.080 2.090 3.184 3215 3.246 3278 4 375 4.440 4.506 4.573 5.637 5.751 5.867 5.985 6.975 7.153 7336 7.523 8 394 8.654 8.923 9.200 9.897 10.260 10.637 11.028 11.491 11.978 12.488 13.021 13.181 13.816 14.4871 15.193 14.972 15.784 16.645 17.560 16.870 17.888 18.977 20.141 18 882 20.141 21.495 22.953 10% 1.000 2.100 3.310 4.641 6.105 7.716 9.487 11.436 13.579 15.937 18.531 21 384 24.523 11% 1.000 2.110 3.342 4.710 6 228 7.913 9.783 11.859 14.164 16.722 19.561 22.713 26.212 12% 1.000 2 120 3.374 4.779 6.353 8.115 10.089 12.300 14.776 17 549 20.655 24.133 28.029 yout ans Print Done main 9394 5 437 7. 5750 1031 224 5.122 a Pro Data Table Sea, -X in 20 sound aty tal annu 14 15 16 17 18 19 20 21 22 23 24 25 30 40 50 17.086 18.599 20.157 21.762 23.414 25.117 26.870 28.676 30.537 32.453 34.426 36.459 47.575 75.401 112.797 18.292 20.024 21.825 23.698 25.645 27.671 29.778 31.969 34.248 36.618 39.083 41.646 56.085 95.026 152.667 19.599 21.579 23.657 25 840 28 132 30.539 33.066 35.719 38.505 41.430 44.502 47.727 66.439 120.800 209.348 21.015 23 276 25,673 28.213 30.906 33.760 36.786 39.993 43.392 46.996 50.816 54.865 79 058 154.762 290.336 22 550 25.129 27.888 30.840 33.999 37.379 40.995 44.865 49.006 53.436 58.177 63.249 94.461 199.635 406.529 24.215 27.152 30 324 33.750 37.450 41.446 45.762 50 423 55.457 60.893 66.765 73.106 113.283 259.057 573.770 26.019 29 361 33 003 36.974 41.301 46.018) 51.160 56.765 62.873 69.532 76.790 84.701 136.308 337.882 815.084 27.975 31.772 35.950 40.545 45.599 51.159 57.275 64.002 71.403 79.543 88.497 98.347 164.494 442.593 1163.909 30 095 34.405 39.190 44 501 50.396 56.939 64.203 72 265 81 214 91.148 102.174 114.413 199.021 581.826 1668.771 32 393 37 280 42.753 48.884 55.750 63.440 72.052 81.699 92.503 104.603 118.155 133 334 241.333 767 091 2400.018 your Print Done arts emain 33 8.853 7.900 750 437 ORI a ** $ U
