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Suppose you plan to retire in 40 years. If you make 10 annual investments of $1,000 into your retirement account for the first 10 years,
Suppose you plan to retire in 40 years. If you make 10 annual investments of $1,000 into your retirement account for the first 10 years, and then no more contributions to the account for the remaining 30 years. If the retirement account earns a fixed 8% annual interest, how much will you have at your retirement? Round it to two decimal places without the $ sign, e.g., 1234567.89.
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