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Terry Austin is 30 years old and is saving for her retirement. She is planningon making 27 contributions to her retirement account at the beginning

Terry Austin is 30 years old and is saving for her retirement. She is planningon making 27 contributions to her retirement account at the beginning ofeach of the next 27 years. The first contribution will be made today(t = 0) and the final contribution will be made 26 years from today (t = 26).The retirement account will earn a return of 6.4 percent a year. If eachcontribution she makes is $2,286.00 how much will be in the retirementaccount 26 years from now (t = 26)?

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