QUESTION 7

1. You earn $5,000 a month. After taxes, social security contributions, and living expenses you have $200 per month that you can and will save. What is the future value of $200 saved every month for 30 years if the annual rate is of return is 12%. We are looking for the value of your savings 30 years from the time you stated saving.

   Do not include the $ sign in your answer. Your answer must be in the format, 883,650.

   NO dollar sign.