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Chart summarizing the details of the investment

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Reference no: EM131055654

Bottomline: What is Bob's IRA contributions like after continually contributing $2K annually for 33 yrs? What is Lisa's contributions like after stopping at a certain point, then let whatever the current balance is accrue @ 7% a year?

Both IRA accounts grow at a 7% annual rate. Do not consider any tax effect.

Write a two to three (2-3) paragraph summary in which you:

  • Create a chart summarizing the details of the investment for both Bob and Lisa.
  • Explain the results in terms of time value of money.

Reference no: EM131055654

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