If you saved your tax refund (Problem 1221), quit buying vendor coffee for one year (Problem 1226), and decided to contribute $2,400 (you saved $200 per month) in your Roth IRA, how much would you have for retirement if you could invest these savings at 5% compounded annually for 30 years for this one year of savings? Additional Context: Problem 12-21: You choose to invest your $2,985 income tax refund check (rather than spend it!) in an account earning 5% compounded annually. How much will the account be worth in 30 years? LU 12-1(2, 3)

Additional Context: Problem 12-26: How much could you save for retirement if you chose to invest the money you spend on Starbucks coffee in one year? Assume you buy one venti cup of caffe latte for $4.15 each weekday for 50 weeks and can invest the total amount in a mutual fund earning 5% compounded annually for 30 years. LU 12-1(2)