You just married and are planning for retirement in 40 years from now. Currently you have $10,000 in a savings account and $20,000 in stocks. In addition, you plan to add to your savings by depositing $500 per month in your savings account at the end of each month over the next 20 years and then $1,000 per month at the end of each month for the final 20 years until retirement.

Assuming your savings account returns 4% annually while your investments in stocks will return 10% annually, how much will you have at the end of 40 years? (Ignore taxes.)

Group of answer choices

$1727563.3

$1,002,647.6

$1,910,951

none of these answers