You have just made your first $4,500 contribution to your individual retirement account. Assume you earn an annual return of 10.85 percent and make no additional contributions. a. What will your account be worth when you retire in 43 years? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. What if you wait 10 years before contributing? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. a. Account value if you start now b. Account value if you wait 10 years

You want to retire at age 65. You decide to make a deposit to yourself at the end of each year into an account paying 14%, compounded annually. Assuming you are now 25 and can spare $1,300 per year, how much will you have when you retire at age 65? (Give your answer to the nearest cent.)

I am 25 years of age.

You annually invest $2,000 in an individual retirement account (IRA) starting at the age of 30 and make the contributions for 15 years. Your twin sister does the same starting at age 35 and makes the contributions for 25 years. Both of you earn 7 percent annually on your investment. What amounts will you and your sister have at age 60? Use Appendix A and Appendix C to answer the question. Round your answers to the nearest dollar.Amount on your account: $  Amount on your sister's account: $   Who has the larger amount at age 60?-Select-You haveYour sister hasItem 3 the larger amount.