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Decide whether the following statement makes sense (or is clearly true) or does not make sense (or is clearly false). Explain your reasoning. If interest

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Decide whether the following statement makes sense (or is clearly true) or does not make sense (or is clearly false). Explain your reasoning. If interest rates stay at 6% APR and I continue to make my monthly $75 deposits into my retirement plan, I should have at least $40,000 saved when I retire in 20 years. The statement because I will have $ in my retirement account when I retire in 20 years. (Round to the nearest cent as needed.)

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