Shaylea, age22, just started workingfull-time and plans to deposit $5,000annually into an IRA earning 88percent interest compounded annually. Deposits will be made at the end of each year. How much would she have in 20years,30years, and 40years? If she changed her investment period and instead invested $417.00monthly and the investment also changed to monthlycompounding, how much would she have after the same three timeperiods? C

omment on the differences over time.

With annual investments andcompounding, after 20years, Shaylea would have how much?

.With annual investments and compounding, after 30years, Shaylea would have how much? With annual investments and compounding, after 40years, Shaylea would have how much (Round to the nearestcent.)

With monthly investments and monthly compounding interest, after 20years, Shaylea would have how much. (Round to the nearest cent.)

With monthly investments and monthly compoundinginterest, after 30years, Shaylea would have how much. (Round to the nearest cent.)With monthly investments and monthly compounding interest, after 40years, Shaylea would have how much?. (Round to the nearestcent.)

The differences are:(Select the best choice below.)

A.

the longer the money isinvested, the more you will have in the future. The more compounding periods you have in a giventime, the more money you will have in the future.

B.

the longer the money is invested the more you will have in the future. The more compounding periods youhave, the less money you will have in the future because the interest rate is lower.

C. the longer the money isinvested, the more you will have in the future. The number of compounding periods does not have any effect on the investment.

D. the longer the money isinvested, the less you will have in the future because the interest rate does not change with the cost of living.