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Determine the size of your investment account 27 years from now (when you plan to retire) if you deposit $16,000 each year, beginning 1 year
Determine the size of your investment account 27 years from now (when you plan to retire) if you deposit $16,000 each year, beginning 1 year from now, and the account earns interest at a rate of 14% per year.
The size of the investment account is ______$
I got 3,815,989 and I'm not sure about my answer, I used the excel formula =-FV(14%,27,16000)
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