Lili is looking to invest for retirement, which she hopes will be in 40 years. She is looking to invest

$49,500

today in a mutual fund that will earn interest at

6.6%

. How much will she have at the end of 40 years? Find FV using the following formula, where

PV=49,500,i=6.6%

and

n=40

:\

FV=PVx(1+i)^(^(^()))n

\

$599,821

\

$625,345

\

$644,488

\

$638,107

\

$650,869

Lili is looking to invest for retirement, which she hopes will be in 40 years. She is looking to invest $49,500 today in a mutual fund that will earn interest at 6.6%. How much will she have at the end of 40 years? Find FV using the following formula, where PV=49,500,i=6.6% and n=40 : FV=PVx(1+i)n $599,821 $625,345 $644,488 $638,107 $650,869