You are graduating from college at the end of this semester and after reading the business of life box in the is chapter, you have decided to invest $ 5,200 at the end of each year into a Roth Ira for the next 45 yrs. If you earn 10% compounded annually on your investment how much will you have when you retired in 45 years. How much will you have if you wait 10 yrs before beginning to save and only make 35 payments into your retirement account?

How much will you have when retire in 45 years?

$ ........

How much will you have if you wait 10 yrs before beginning to save and only make 35 payment into your retirement account?

$........