You want to retire in 25 years and you can afford to put $1,000 a MONTH in to an investment account which pays a 5% annual rate of return. How much money will you have accumulated in the account after the 25 year period?

You want to retire in 25 years and you can afford to put $1,000 a MONTH in to an investment account which pays a 5% annual rate of return. How much money will you have accumulated in the account after the 25 year period? Reference the below formulas when solving the problem above: FV = PV = FV / (1+r)^t PV(1+r)^t FVA = FVA = PMT(((1+r)^t) - 1) / r PMT((1+(r/12)^t(12))-1)/(r/12) PVA = PMT(((1-(1+r)^-t) / r)) PVA = PMT((1-(1+(r/12))^-t(12)))/(r/12)