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You decide you want to retire in 3 0 years. You decide to invest $ 5 0 0 0 at the end of each year

You decide you want to retire in 30 years. You decide to invest $5000 at the end of each year
in a fund earning 8% a year over the next 30 years. How much money will you have at the end of
the 30 years? Now assume each payment will be increased by 5% a year, e.g. the first payment
will actually be $5250, the next payment $5,512.50, and so on. How much money will you have
for retirement at the end of the 30 years?You decide you want to retire in 30 years. You decide to invest $5000 at the end of each year
in a fund earning 8% a year over the next 30 years. How much money will you have at the end of
the 30 years? Now assume each payment will be increased by 5% a year, e.g. the first payment
will actually be $5250, the next payment $5,512.50, and so on. How much money will you have
for retirement at the end of the 30 years?

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