1. Imagine you started to save for retirement in college. At age 20, you start with $0.00 saved, but you began investing only $50 every month into a mutual fund that grew at a rate of 12% annually. If you planned to retire at age 65, how much money would you have when you retired? a. Record the following: Your results, Initial Balance, Contribution, Growth. (Contribution is the money your put into the investment each month over the lifetime of the investment. Growth is the money that was created through compound interest.) Your results: Initial balance: Contribution: Growth