Question $13$: A $40-$year$-$old student wants to save $$5$ a day for her retirement. Every day she places $$5$ in a drawer. At the end of each year, she invests the accumulated savings $($$$1,825)$ in a brokerage account with an expected annual return of $8\%.$

If she keeps saving in this manner, how much will she have accumulated at age $65?$

Question $7$Answer

a$.$

$$83,515\mathrm{.}58$

b$.$

$$472,788\mathrm{.}15$

c$.$

$$133,418\mathrm{.}34$

d$.$

$$705,372\mathrm{.}75$