Suppose you start saving for retirement when you are 30 years old. You invest $4,000 the first year and increase this amount by 4% each year to match inflation. How much money will you have saved after 25 years if the interest rate eamed on the retirement account is 10% per year? (a) You will have saved (Round to the nearest dollar.) (b) On the other hand, you will have saved $ if the rate of increase of the investment deposits was 10% instead of the original 4%.

Suppose you start saving for retirement when you are 30 years old. You invest $4,000 the first year and increase this amount by 4% each year to match inflation. How much money will you have saved after 25 years if the interest rate eamed on the retirement account is 10% per year? (a) You will have saved 1 (Round to the nearest dollar.) (b) On the other hand, you wil have saved s If the rate of increase of the investment deposits was 10% instead of the original 4%