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You are 20 years old today. You plan to start saving for retirement on your 29th birthday in the amount of $6,468.863. You will save
You are 20 years old today. You plan to start saving for retirement on your 29th birthday in the amount of $6,468.863. You will save the same amount on that birthday plus future birthdays for a total of 32 deposits. Assume a rate of return of 7% compounded annually. How much will be in your account when you turn 65? Use the $ symbol and round to the nearest $....no cents...uses commas). Hint...the last three numbers in your answer should be 000.
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