You want to save for retirement. Assuming you are now 20 years old and you want to retire at age 60 , you have 40 years to watch your investment grow. You decide to invest in the stock market, which has earned about 12% per year over the past 80 years and is expected to continue at this rate. You decide to invest $1,000 today. Required: How much do you expect to have in 40 years? (FV of \$1, PV of \$1, FVA of \$1, and PVA of \$1) (Use tables, Excel, or a financial calculator. Round your answer to 2 decimal places.)