Question: Having just started a nice job after graduation, you would like to be financially responsible and start planning for your expected retirement in 40 years.

Having just started a nice job after graduation, you would like to be financially responsible and start planning for your expected retirement in 40 years. What will be the value of your Roth IRA be if you fund it with $2,000 each year and earn a 7% rate of return? Please provide a sensitivity analysis to explore the range of outcomes.

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