Business, 17.03.2020 04:59, collinedwards5011

Ethan is planning for his retirement. He has narrowed it down to two investment options. The first is an IRA where monthly payments are made, in the amount of $416.66, for 30 years. The second is a Roth IRA where annual payments are made, in the amount of $5000, for 30 years. If both compound interest at a rate of 2.5%, determine which account will yield the largest future value for Ethan, and how much greater that value will be than that of the other account. Round your final answer to the nearest cent. a. IRA; $3,552.72 b. Roth IRA; $3,552.72 c. IRA; $1,470.39 d. Roth IRA; $1,470.39 Please select the best answer from the choices provided A B C D

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Ethan is planning for his retirement. He has narrowed it down to two investment options. The first i...