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Intro You just turned 2 1 years old and want to retire when you turn 6 5 . You plan to put $ 3 ,

Intro
You just turned 21 years old and want to retire when you turn 65. You plan to put $3,100 every year into a
ROTH IRA, a retirement account from which you can withdraw money after retirement without having to pay
any taxes. You expect to earn a return of 7% on your investments every year.
Part 1
How much money can you expect to have at age 65 if you make your first deposit now and your last one on
the day you turn 64?
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