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 ​Shaylea, age​ 22, just started working​ full-time and plans to deposit ​$ 4,800 annually into an IRA

earning 9 percent interest compounded annually. Deposits will be made at the end of each year. How much would she in 20 ​years, 30 ​years, and 40 ​years? If she changed her investment period and instead invested ​$400.00 monthly and the investment also changed to monthly​ compounding, how much would she have after the same three time​ periods? With annual investments and​ compounding, after 20 ​years, Shaylea would have ​$

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Annual Investments and Compounding After 20 years, Shaylea would have $245,568.57. After 30 years,... View the full answer

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