Using TVM principles explain (calculate) what the results would be if your parents started saving a set amount monthly of $50 at 4% from when you were born to today. Explain your calculation. Please help me calculate if I was born in 1982 (so 38 years ago).

For example if my parents saving $20 per month from when I was born approximately 52 years ago how much would I have today ? You will use the future value calculation? PV = $0 N = 624 (52 years x 12 months) Rate = 4% Pmt = $20. The Future value would be $41,806.98.