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(Future value of an ordinary​ annuity)  You are graduating from college at the end of this...

(Future value of an ordinary​ annuity)  You are graduating from college at the end of this semester and after reading the The Business of Life box in this​ chapter, you have decided to invest ​$4 comma 200 at the end of each year into a Roth IRA for the next 40 years. If you earn 7 percent compounded annually on your​ investment, how much will you have when you retire in 40 ​years? How much will you have if you wait 10 years before beginning to save and only make 30 payments into your retirement​ account? How much will you have when you retire in 40 ​years?

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SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

As nothing was mentioned excel is used.

jeff jeffy answered 1 month ago
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