Investment $-$ End of Chapter Problem

In your first year of work you deposit $$1,200$ in your retirement account at an $8\%$ interest rate. Calculate how much your investment is worth after each of the given time periods. Round your answers to the nearest dollar.

$5$ years: $

$10$ years: $

$20$ years: $

$30$ years: $

$40$ years: $

$50$ years: $