You are graduating from college at the end of this semester andafter reading the The Business of Life box in this? chapter, youhave decided to invest $5100 at the end of each year into a RothIRA for the next 47 years. If you earn 9 percent compoundedannually on your investment, how much will you have when you retirein 47 years? How much will you have if you wait 10 years beforebeginning to save and only make 37 payments into your retirementaccount?
