(Answered) Bottomline what is bobs ira contributions like after

Finance

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.

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