You have decided to invest $5100 at the and of each year into a Roth ira for the next 48 years. If you earn 7 percent compounded annually an your investment , how much will you have when you retire in 48 years? Haw much will you have it you wait to years before beginning to save and only makin 38 payments into your retirement account? How much will you have when you retire in 45 years? 

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5100 invested at 7 for 48 years ... View the full answer