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Retirement Funding. Barry has just become eligible for his employer-sponsored retirement plan. Barry is 35 and plans to retire at 65. Barry calculates that he

Retirement Funding.Barry has just become eligible for his employer-sponsored retirement plan. Barry is 35 and plans to retire at 65.

Barry calculates that he can contribute $3,100 per year to his plan. Barry's employer will match this amount. If Barry can earn a return of 8%

on his investment, how much will he have at retirement?

Part 2

At retirement, the amount Barry will have is $_______ enter your response here.

(Round to the nearest dollar.)

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