Shaylea, age? 22, just started working? full-time and plans to deposit $4800 annually into an IRA earning 7 percent interest compounded annually. Deposits will be made at the end of each year. How much would she have in 20 years, 30 years, and 40 ?years? If she changed her investment period and instead invested ?$400.00 monthly and the investment also changed to monthly? compounding, how much would she have after the same three time? periods? Comment on the differences over time
1. With monthly investments and monthly compounding? interest, after 30 ?years, Shaylea would have ?
2. With monthly investments and monthly compounding? interest, after 40 ?years, Shaylea would have ?