How much could you save for retirement if you chose to invest the money you spend on Starbucks coffee in one year? Assume you buy one venti cup of caffe latte for $4.85 each weekday for 50 weeks and can invest the total amount in a mutual fund earning 5% compounded annually for 30 years. (Use the Table 12.1 provided.) (Round your answer to two decimal places.)

Period 2 4 1% 1.0100 1.0201 1.0303 1.0406 1.0510 1.0615 1.0721 1.0829 11% 2% 1.01501.0200 1.0302 1.0404 1.0457 1.0612 1.0614 1.0824 1.07731.1041 1.0934 1.1262 1.1098 1.1487 1.1265 1.1717 1.1434 1.1951 3% 1.0300 1.0609 1.0927 1.1255 1.1593 1.1941 1.2299 1.2668 4% 1.0400 1.0816 1.1249 1.1699 1.2167 1.2653 1.3159 1.3686 5% 1.0500 1.1025 1.1576 1.2155 1.2763 1.3401 1.4071 1.4775 1.5513 6% 1.0600 1.1236 1.1910 1.2625 1.3382 1.4185 1.5036 1.5938 1.0937 1.3048 1.4233 1.6895 1.1046 1.1605 1.2190 1.3439 1.4802 1.6289 1.7908 1.1157 1.1780 1.2434 1.3842 1.5395 1.7 103 1.8983 12 13 14 15 16 1.1268 1.1960 1.2682 1.4258 1.1381 1.21351.2936 1.4685 1.1495 1.2318 1.3195 1.5126 1.1610 1.2502 1.34591.5580 1.1726 1.2690 1.3728 1.6047 1.1843 1.2880 1.4002 1.6528 1.1961 1.3073 1.4282 1.7024 1.2081 1.3270 1.4568 1.7535 1.22021.3469 1.4859 1.8061 1.2324 1.3671 1.5157 1.8603 1.6010 1.79592.0122 1.6651 1.8856 2.1329 1.7317 1.9799 2.2609 1.8009 2.0789 2.3966 1.87302.1829 25404 1.9479 2.2920 2.6928 20258 2.4066 2.8543 2.1068 2.5270 3.0256 2.1911 2.6533 3.2071 2.2788 2.7860 3.3996 18 20