Question

June Watson is contributing ​$3,500 each year to a Roth IRA. The IRA earns 3.3% per year. How much will she have at the end of 35​years?

Answer 1

Assuming she is investing at the start of the year

Interest = Principle*Rate of Interest*Time/100

Amount = Principle+Interest

Year	Amount Invested ($)	Number of years interest received for	Interest ($)
1	3,500.00	35	4,042.50
2	3,500.00	34	3,927.00
3	3,500.00	33	3,811.50
4	3,500.00	32	3,696.00
5	3,500.00	31	3,580.50
6	3,500.00	30	3,465.00
7	3,500.00	29	3,349.50
8	3,500.00	28	3,234.00
9	3,500.00	27	3,118.50
10	3,500.00	26	3,003.00
11	3,500.00	25	2,887.50
12	3,500.00	24	2,772.00
13	3,500.00	23	2,656.50
14	3,500.00	22	2,541.00
15	3,500.00	21	2,425.50
16	3,500.00	20	2,310.00
17	3,500.00	19	2,194.50
18	3,500.00	18	2,079.00
19	3,500.00	17	1,963.50
20	3,500.00	16	1,848.00
21	3,500.00	15	1,732.50
22	3,500.00	14	1,617.00
23	3,500.00	13	1,501.50
24	3,500.00	12	1,386.00
25	3,500.00	11	1,270.50
26	3,500.00	10	1,155.00
27	3,500.00	9	1,039.50
28	3,500.00	8	924.00
29	3,500.00	7	808.50
30	3,500.00	6	693.00
31	3,500.00	5	577.50
32	3,500.00	4	462.00
33	3,500.00	3	346.50
34	3,500.00	2	231.00
35	3,500.00	1	115.50
	1,22,500.00		72,765.00
		Total Amount she have at end	1,95,265.00