You plan to retire in 40 years. To provide for your retirement, you initiate a savings program of $3,600 per year yielding 7 percent. What will be the value of the retirement fund after 40 years? Round your answer to nearest whole dollar.
Do the Math 5-5 Saving for Retirement You plan to retire in 40 years. To provide for your retirement, you initiate a savings program of $3,600 per year yielding 7 percent. What will be the value of the retirement fund after 40 years? Round your answer to nearest whole dollar. (Hint: Use Appendix A.3 or visit the Garman/Forgue companion website.) Round Future value of a series of Equal Amounts in intermediate calculations to four decimal places. = = - a 8 15 16.0969 17.2934 18.5989 20.0236 21.5786 23.2760 25.1290 _27.152129.3609 31.7725 34.4054 37.2797 40.4175 43.8424 47.5804 51.5595 56.1101 60.9553 66.2607 72.0351 16 17.2579 18.6393 20.1559 21 8245 23.657525.672527.8881 30.3243 33.0034 35.9497 39.1899 42.7533 46.6717 50.2804 55.7175 60.9250 66.5488 72.9390 79.8502 87.4421 17 18.404 20.0121 21.7616 23.5975 25.8404 28.2129 30.8402 33.7502 36.9737 40.5447 44.5008 48.8837 53.7391 59.1176 65.0751 71.6730 78.3791 87.058] 96.0217 105.9306 18 19.614721.4123 23.4144 25.6454 28.1324 30.9057 33.9990 37.4502 41.3013 45.5992 50.3959 55.7497 6.7251 68.3941 75.8364 84.1407 93.4056 103.7403 115.2659 128.1167 1920.8109_22840625.1169_27.5712 0.5390 33.7600 37.379] 41.446346.018551.159155.939563.439770.749478.969288.21 1898.6032 110.2846123.4135138.1564 154.7400 _20_22.0190 24.297426.870429.7781 33.0660 6.7856 40.9955 45.762] 51.1601 57.2750 54.202872.052480.946891.0249 102.44 35 115.3797 130.0329146.52B] 165.4180 186.6880 _2 _23.2392 25.7833 28.6765 31.9692 35.7193 39.9927 44.8652 50.4229 56.7645 64.0025 72.2651 31.5387 g2.4699 104.7684 118.8101 134.8405 153.1385 174.0210 197.8474 225.0256 22 24.4716 27.2990 0.5368 34.2480 38.5052 43.3923 49.0057 55.4568 62.8733 71.4027 31.2143 32.5026 105.4910 120.4360 137.6316157.4150 180.1721 206.3448 _236.4384 271.307 23 25.7163 28.8450 32.4529 36.5179 41.4305 46.9958 53.4361 60.8933 69.53197 9.54 30 g1.1479 104.5029 120.2048 138.2970 159.2764 183.6014 211.8013 _244.4868 282.3618 326.2368 _24_26.9735 30.421934.4265 39.0826 44.5020 50.8156 58.1757 66.764876.789888.4973 102.1741 118.1552 16.8315 158.5586 184.1578213.9776248.8075289.4945 337.0105 392.4842 25 28.2432 32.003 36.4593 41.6459 47.7271 54.854563.249073.1059 84.7009 98.3471 114.4133 133.3339 155.5196 181.8708 212.790 249.2140 _292.1048 342.5035 402.0424 471.9811 26 29.5256 33.670 38.5530 44.3117 51.1135 59.1564 68.6765 79.9544 93.3240 109.1818 127.9388 150.3339176.8501 208.3327245.7120 290.0883342.7626405.2721 479.405 567.3773 35.3443 40.5096 47.0842 54.5691 63.705874.4838 37.3508 102.7231 121.0999143.0786 169.3740 200.8406 238.4993 283.5 337.5024 402.0323 479.2211571.5223 681.8527 28 32.1291 37.0512 42.9309 49.9676 58.4026 68.5281 80.6977 95.3388 112.9682 134.2099 159.8173 190.5989_227.9499 272.8892 327.1041 322.5027 471.3778566.4808681.1116 819.2233 _29 33.4504 38.7922 45.2188 52.9663 62.322773.5398 37.3465 103.9659 124.1354148.630g 178.3972 _214.5827_258.5834 312.0937 377.1697456.3032 552.512] 69.4474811.5228 984.0679 0 34.7849 40.5681 47.5754 56.084956.438979.0582 4.4508 113.2832 136.3075 164.4940 199.0209 2413327293.1992 356.7868434.7451530.3117547.439] 790.9479966.7121 1181.882 40 48.8864 60.402075.4013 95.0255 120.7998 154.7620 199.6351 259.0565337.8824 442.5925 581.8260767.0914 1013.7041342.025 1779.090_260.7573134.5224163.2125529.829 7343.856 50 54.4632 84.5794 112.7959 152.6671 209.3480290.3359 406.52B9 573.7701 815.0B34 1163.908 1668.771 2400.01 3459.507 4994.5227217.714 10435.65 15089.50 21B13.09 31515.33 4 5497.17
