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Terry Austin is 30 years old and is saving for her retirement. She is planning on making 26 contributions to her retirement account at the

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Terry Austin is 30 years old and is saving for her retirement. She is planning on making 26 contributions to her retirement account at the beginning of each of the next 26 years. The first contribution will be made today (t=0) and the final contribution will be made 25 years from today (t=25). The retirement account will earn a return of 11 percent a year. If each contribution she makes is $1,724.00 how much will be in the retirement account 26 years from now (t=26) ? $244,943.57 $241,943.57 $238,943.57 $247,943.57 $250,943.57

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