Shaylea, age22, just started workingfull-time and plans to deposit $4,700 annually into an IRA earning 9

percent interest compounded annually. Deposits will be made at the end of each year. How much would she have in 20 years, 30 years, and 40 years? If she changed her investment period and instead invested $391.67 monthly and the investment also changed to monthlycompounding, how much would she have after the same three timeperiods? Comment on the differences over time.

With monthly investments and monthly compoundinginterest, after 20 years, Shaylea would have $___?