Question 4 5.55 p! If a 16 year old high school student put $2,000 at the end of each year for 4 years into an IRA that earned a rate of 9%, how much would she have accumulated by age 65? Assume funds are left to accumulate for 45 years (age 20 - 65) at 9%. $386,616 $442,014 $1.767,995 $9,146 D Question 7 Assume you purchased a home and borrowed $100,000 at a rate of 8% compounded monthly over 30 years. What is your monthly payment? $733.76 $666,67 $917.77 $878.14