Future value of an ordinary​ annuity

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(Future value of an ordinary​ annuity) You are graduating from college at the end of this semester and after reading the The Business of Life box in this​ chapter, you have decided to invest ​$5,400 at the end of each year into a Roth IRA for the next 44 years. If you earn 9 percent compounded annually on your​ investment, how much will you have when you retire in 44 ​years? How much will you have if you wait 10 years before beginning to save and only make 34 payments into your retirement​ account?

How much will you have when you retire in 44 ​years?

​$____ ​(Round to the nearest​ cent.)

 
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