Rachel starts an IRA (Individual Retirement Account) at the age of 22 to save for retirement. She deposits $300 each month. The IRA has an average annual interest rate of 8% compounded monthly. How much money will she have saved when she retires at the age of 65? Round your answer to the nearest cent, if necessary. Answer How to enter your answer (opens in new window) Formulas Keypad Keyboard Shortcuts

8 \% compounded monthly. How much money will she have saved when she retires at the age of 65 ? Round your answer to the nearest cent, if necessary. Formulas Answer How to enter your ampwer lopens in new window) Keyboard Shortcuts