You are planning to invest $ $7000$ in an account earning $6\%$ per year for retirement.

a$.$ If you put the $ $7000$ in an account at age$23,$ and withdraw it $50$ years$$ later, how much will you$$ have?

b$.$ If you wait $10$ years before making the$$ deposit, so that it stays in the account for only $40$years$,$ how much will you have at the$$ end?

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Part $1$

a$.$ If you put the $ $7000$ in an account at age$23,$ and withdraw it $50$ years$$ later, how much will you$$ have?

In $50$ years you would have $$$

$$

enter your response here. round to the nearest$$ cent.$)$