16. You are 20 years old now, and planning to put $5,000 into an investment account which is expected to grow 9% annually. As you want to catch up with your wealthy neighbor, you are going to put $2,000 each year to that investment account till your planned retirement. How much can you have in that investment account when you retire at 60 years old.

16. You are 20 years old now, and planning to put $5,000 into an investment account which is expected to grow 9% annually. As you want to catch up with your wealthy neighbor, you are going to put $2,000 each year to that investment account till your planned retirement. How much can you have in that investment account when you retire at 60 years old