A) If an individual places $4,000 per year into a Roth indivdual retirement account beginning at age of 35, how much cash will have accumulated by age 65 if 8% interest is erned each year?
B) How much income per year will be generated by this sum if a 25 year annuity is purchased which earns 4% annual interest?
C) How much cash will an individual have at age 65 if he or she invests $4,000 per year into a Roth IPA beginning at age 25 and earns 9% interest per year?
D) How much income per year will be generated by this sum if a 25 year annuity is purchased which earns 4% annual interest?