Exercise C-2 (Algo) Calculate the future value of a single amount (LO C-2) You want to save 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 earned about 11% per year over the past 80 years and is expected to continue at this rate. You decide to invest $1,000 today. Required: How much do you expect to have in 40 years? (FV of $1, PV of $1, FVA of $1, and (Use tables, Excel, or a financial calculator. Round your answer to 2 decimal places.)