4)

Your uncle is planning to retire in 5 years. To prepare for that, for the next 5 years he will be investing $4,500 at the end of each year into a retirement account. How much will your uncle have in the account when he retires? The interest rate in the retirement account is 4% per year.

In the problem above I am working with

[ Select ] ["an annuity", "a single cash flow", "a perpetuity", "multiple different cash flows"] .

In the problem above I need to calculate the

[ Select ] ["dollar amount of the repeating cash flow", "Present Value", "Future Value", "number of time periods, or number of cash flows", "interest rate"] .

In the format $ $ , $ $ $ , in the problem above my numerical answer is_________dollars.

Increase decimal places for any intermediate calculations, from the default 2 to, for example, 6 or even higher. The more the better! Only round your final answer to TWO decimal places: for example, 10,000.23.

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