$($Related to The Business of Life: Saving for Retirement$)($Future value of an ordinary annuity$)$ You are graduating from college at the end of this semester and after reading the The Business of

Life box in this chapter, you have decided to invest $$6,000$ at the end of each year into a Roth IRA for the next $45$ years. If you earn $10$ percent compounded annually on your investment, how much will

you have when you retire in $45$ years? How much will you have if you wait $10$ years before beginning to save and only make $35$ payments into your retirement account?