Shaylea, age 22, just started working full-time and plans to deposit

$4,000 annually into an IRA earning

7 percent interest compounded annually. How much would she have in

20 years, 30 years, and 40years?

If she changed her investment period and instead invested $333.33 monthly, and the investment also changed to monthly compounding, how much would she have after the same three time periods? Comment on the differences over time.

With annual investments and compounding, after 20 years, Shaylea would have $ 163980. (Round to the nearest cent.)

With annual investments and compounding, after 30 years, Shaylea would have $ 377844. (Round to the nearest cent.)

With annual investments and compounding, after 40 years, Shaylea would have $ 798540. (Round to the nearest cent.)

With monthly investments and monthly compounding interest, after years, Shaylea would have

$???????? enter your response here. (Round to the nearest cent.)