Student A opened a Roth IRA and made an initial deposit of $5,000. Assuming that...
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Student A opened a Roth IRA and made an initial deposit of $5,000. Assuming that you make no additional contributions, and you can earn an annual return of 10.65%.
A. What will your retirement account be worth when you retire in 42 years?
B. If you wait 10 years before making the $5,000 contribution, what will your retirement account be worth?
Note: Do not round intermediate calculations; round your answer to 2 decimal places.
A. Account balance if you start now $ _______
B. Account balance if you wait 10 years $ _______
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