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Louise plans to save $3,000 a year every year for 10 years, beginning next vear, and then stop. This amount that she has accumulated at

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Louise plans to save $3,000 a year every year for 10 years, beginning next vear, and then stop. This amount that she has accumulated at the end of 10 years will then continue to grow for 30 more years. If the interest rate that she thinks she will be able to earn is 6% per year for all these vears. how much should Louis have in her account at the end of this 40 year period? (Assume this is an ordinary annuity and round to the nearest dollar.) $406,717 $259.281 $227,111 $390,542

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