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Exercise C-11 (Algo) Calculate the future value of an annuity (LO C-4) You would like to start saving for retirement. Assuming you are now 20

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Exercise C-11 (Algo) Calculate the future value of an annuity (LO C-4) You would like to start saving for retirement. Assuming you are now 20 years old and you want to retire at age 60 , you have 40 years to watch your investment grow. You decide to invest in the stock market. which has eamed about 9% per year over the past 80 years and is expected to continue at this rate You decide to invest $2.000 at the end of each year for the next 40 years. Required: Calculate how much your accumulated investment is expected to be in 40 years. (FV of S1. PV of S1. EVA of \$1, and PVA of \$11) (Use tables, Excel, or a financial colculator. Round your answer to 2 decimal places.)

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