You are planning for retirement. Beyond your contributions to your 401K retirement plan, you choose to make an additional investment of $100 each month into a Roth IRA. The fund in which your Roth IRA is based returns an average of 7%. Assuming you never change the amount you contribute to the Roth IRA each month, how much will 30 years of monthly payments be worth? $54,083,143.53 $262,481.34 $121,997.10 $151,871.35 Rowena wants to take out a loan for $12,000 at 2.5% interest (compounded yearly) which she will repay in a single payment after 7 years. How much will she have to pay at the end of the loan? $90,569.16 $14,264.23 $12,228.72 $10,095.18