You are graduating from college at the end of this semester and have decided to invest $4.500 at the end of each year into a Roth IRA (a retirement investment account that grows tax free and is not taxed when it is liquidated) for the next 40 years. If you eam 10 percent compounded annually on your investment of $4,500 al the end of each year, how much will you have when you retire in to years? How much will you have if you wait 10 years before beginning to save and only make 30 payments into your retirement account? Click on the table icon to view the annuity table When you retire in 40 years, you will have 5 ] (Round to the nearest dollar.) n 1 2 3 4 5 6 7 8 9 10 11 12 13 1% 1.000 2.010 3.030 4.060 5.101 6.152 7.214 8.286 9.369 10.462 11.567 12.683 13.809 2% 1.000 2.020 3.060 4 122 5204 6 308 7434 8.583 9.755 10.950 12.169 13.412 14.680 39% 1.000 2030 3.091 4.184 5.309 6.468 7.662 8.892 10.159 11.464 12.808 14.192 15.618 Compound Sum of an Annuity of $1 (FVIFA) 4% 5% 6% 7% 1.000 1.000 1.000 1.000 2040 2050 2.060 2.070 3.122 3.153 3.184 3.215 4.246 4.310 4.375 4.440 5.416 5.526 5.637 5.751 6 633 6.802 6.975 7.153 7 898 8.142 8.394 8.654 9.214 9.549 9.897 10.260 10.583 11.027 11.491 11.978 12 006 12.578 13.181 13.816 13.486 14.207 14.972 15,784 15.026 15.917 16,870 17 888 16.627 17 713 18.882 20 141 8% 1.000 2.080 3.246 4.506 5.867 7.336 8.923 10.637 12.488 14.487 16.645 18.977 21.495 9% 1.000 2.090 3.278 4.573 5.985 7523 9.200 11.028 13.021 15.193 17.560 20.141 22.953 10% 1.000 2.100 3.310 4.641 6.105 7.716 9.487 11.436 13.579 15.937 18.531 21.384 24.523 12 13 14 15 16 17 18 19 20 25 30 35 40 45 50 12.683 13.809 14 947 16.097 17.258 18.430 19 615 20.811 22.019 28.243 34.785 41.660 48.886 56.481 64.463 13.412 14.680 15,974 17 293 18,639 20.012 21.412 22.841 24.297 32.030 40.568 49.994 60.402 71.893 84.579 14.192 15.618 17086 18.599 20.157 21.762 23.414 25.117 26.870 36 459 47.575 60.462 75 401 92.720 112.797 15.026 16.627 18.292 20024 21.825 23.698 25.645 27.671 29.778 41 646 56.085 73,652 95.026 121.029 152.667 15.917 17.713 19.599 21.579 23.657 25.840 28.132 30.539 33,066 47 727 66.439 90 320 120.800 159 700 209,348 16.870 18.882 21.015 23.276 25.673 28.213 30.906 33.760 36.796 54 865 79.058 111.435 154.762 212.744 290.336 17.888 20.141 22.550 25.129 27.888 30.840 33.9991 37.379 40.995 63,249 94.461 138,237 199.635 285.749 406.529 18.977 21.495 24 215 27 152 30.324 33.750 37.450 41.446 45.762 73.106 113.283 172.3171 259.057 386.506 573.770 20.141 22.953 26.019 29.361 33.003 36.974 41.301 46.018 51. 160 84.701 136.308 215.711 337.882 525.859 815.084 21.384 24.523 27 975 31.772 35.950 40.545 45 599 51.159 57.275 98.347 164.494 271,024 442 593 718.905 1163.909
