Emily is trying to decide between investing $1,000 or $1,500…

Emily is trying to decide between investing $1,000 or $1,500 at the beginning of each year for the next 40 years into a retirement account yielding 10.78%. After 40 years, how much extra money will Emily have in her IRA if she invests $1,500 annually instead of $1,000 annually?

You are kind of weird with numbers. You like the number ‘4’….

You are kind of weird with numbers. You like the number ‘4’. You invest $4,444 as a lump sum into a savings account which has quarterly compounding.  The interest rate is 4 percent per year.  After 4 years, how much money will you have in the account?