$5\mathrm{.}5$

Homework $-$ Answered $-$ Due Jul $28$th$,11$:$59$ PM

You plan to retire in $40$ years. To provide for your retirement, you initiate a savings program of $$4,000$ per year, yielding $7$ percent. What will be the value of the retirement fund after $40$ years?

Round to the nearest cent. DO NOT INCLUDE COMMAS OR $