You want to retire in 40 years, and you can afford to put $400 per MONTH in an investment account that pays 7% interest annually. How much money will you have in the account after the 40 year period? Reference the below formulas when solving the problem above: PV=FV/(1+r)^t FVA PMT(((1+r)^t)-1)/r (r/12)^t(12))-1)/(r/12) = PVA PMT(((1-(1+r)^-t)/r)) t(12)))/(r/12) FV = PV(1+r)^t FVA = PMT((1+ PVA PMT((1-(1+(r/12))^- Edit View Insert Format Tools Table 12pt Paragraph