Scenario $2$

Assume you will retire at $67.$ You decide to open

a retirement account that earns $8\%$ interest.

You put $$125$ per month into this account

starting now $($at age $41),$ for a $10-$year period.

After that, you stop contributing to this

account, and the account continues to earn $8\%$

interest. How much money will you have at age

$67?$