You are graduating from college at the end of this semester and after reading the The Business of Life box in this chapter (chapter 6), you have decided to invest $5,000 at the end of each year into a Roth IRA. If you earn 8 percent compounded annually on your investment, and you wait 10 years before beginning to save and only make 35 payments into your retirement account, you will have $861,584 - true or false? True False