Question: 1. June Watson is contributing $3,000 each year to a Roth IRA. The IRA earns 3.2% per year. How much will she have at the end of 25 years?
2. Marvin Murphy contributes $400 per month to a payroll deduction 401(k) at work. His employer matches his contribution up to $200 per month. If the fund averages 5.4% per year, how much will be in the account in 10 years?