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You have just graduated from UIUC and accepted a high-paying job.You plan to invest $600each month into your retirement fund. You expect to workfor 40years,
You have just graduated from UIUC and accepted a high-paying job.You plan to invest $600eachmonthinto your retirement fund. You expect to workfor 40years, and earn 9% annually on your retirement savings.
Based on the information above, how much money do you expect to have when you retire?
Round your answer to the nearest dollar, but do not round the value of the interest rate per compounding period to make your calculation.
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