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You would like to start saving for retirement. Assuming you are now 20 years old and you want to retire at age 60, you have

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You would like to start saving 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 9% per year over the past 80 years and is expected to continue at this rate. You decide to invest $2,000 at the end of each year for the next 40 years. Required: Calculate how much your accumulated investment is expected to be in 40 years. (FV of $1. PV of $1. FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.) Accumulated investment amount TABLET Preto 18 SOTT 110 204 25 305 3.58 4.00 SI 601 7.00 110 13.00 10.99010 0.9552209039 0.97561 0.07087 00 0,00154095001 0.05 0067 0.013009355 093593 0.01741 0.00009 01000089200 2 098030 007066 096117 095110010001003136003706070 0.0045 0.0000 0 0.541610.17645 1020.79719 070315 30.97059 0.9365) 00022 0.9160 091514000191 0.58000 037630 0.63 0.516 083907 6300.19353 0.77215 05131 073119 071178060305 0900 002 003 000595 OLD 07:00 033356 0.32270 0.30222 0.79209 0.76200 0.750 0.7050 0,6101 06587063552 0.6132 50,95147 0.928260.0073 03335 0.56761 0.81107 02193 050245 0,75353 076513 0.74726 0.71209 0.60058 064901 0.0.7092 050145 0.56701 05:1276 0.94205 091451 0.55707 0.36230 0.83745081350 0,79031 0.76790 0.746220/72575 0.70196 0.66640030170,59621 056147 056 050661 045032 7093272 0.00103 0.57056 084122 0313000.78500 0.75092 0734807068 0.66744060506 0.62275 059 0.54703 051376 040166 0.525 0442506 3.092413 0,81771 0.15549 0,82075 0.73941 0.75041 0.730049 0.70319 0.67684 0.65160 0,62741 058201 054027 0.0167 0.16651 0.43393 0.08 0.37616 9.69150033676 0.002 0.76612 0.7333 0.20259 067290 01 061763 0.50190 084302050025046002 012410.0.30097 0.36001 013255 100.00329 056107 032015 07:20 14:00 0.70192 0.67556061193 0.61301039543 055339 0.50033 0.40319 0,02241 015556 033215 012197 020159 COCCO 11 0.39032 084593 0.50126 0,7021407242 060195 0.61938 0.01020 0.58468 055491 0.52670 0.4750004285 038753 015010 031728 027402000 120.18745 01/60 0.30 024356 0.70138 066178 00:50 055654 0.32501 0.49007 0.44101 030711 035553 0.31065 024 025661 0.23071 10.1750602103077303 0.7354268095 00040 0.60057 056127 0.53032 0.0156 00:19 160 1761 025966 65751 0.220120.20116 1 016996 0 1185 0.78738 0.70273 06011206178 0.57 0.53097 0.50907 0.47257 044230 0172 0.0016 0.29975026133 023199 020167 0.10063 15 0.10135 0.79035 0.14301 00037 0.61186 059609035526 051072 0.48102 0:447930.41722 0.6 031524 0.2454 0,23000 20000 120.015919 CISCO 19 CO 16 022 0.78301 072545 0.0762 002317 0767103301 0.4007 AU 0A2451 0.365 0.37 0.20159025167 021700129 0.16512 0.14130 17 05143 0.770.9 0.71416 063720 000502 055720 05137 0.47318 0.47630 040245 0.37136 031057 0.27027 023107019754 0.16 0.14561 012322 16 013002 0.761910,7001606417 0.51730.053836049.300:15200041552 038147 015004 0.29556 0.25025 021199 0.17956 0157112 0.1300011001 19 ameos 063 062553 037009032016 047964043330 0.39573 0.36738 032051 0.27651 0.2017 1049 0.10 0.13700 0,00106 20 05195 0.27 0.67207 0.61007 05568 0.50257 0569041064 0.37699 034273 031 025842 021455 0.1750 116 0.12.03 010367 007 CO CO O OO 21 0.01 0.73150 0.65971 0.50530 053755 0.41557 0.43833 0.967001500403456 0.29416024151 0.19560 0.160.13513 0.11174000256 00760 2 000 0.72000SE OSS086 0.32139 0.015 0.42196 037970 0 115 090703 027751 0.22571 018101010 0.12215 0.1007 0.00204 0.00700 2 0.70544 0.71001 061 0.3670 0.00 0.00 0.40570032557 0 2017 06180021095 0.1002 0.1377111108 0.00000073700000 24.0.718757 0.0094 0.62172 0.5525040193 043796 0 39012 0.34770 031007 0.27656 024095 019715 0.15770 0.1610 0.10133 00510 0.0653 605223 25 0.77977 06.021 000 0.53939 047761 042315 0.37512 0.37 0.29530 026221 0.200 0.18425 014602 0.11597 0.09230.007361 0.052010 DO POCO SESSO 30 0.74102 06.397 0.55207 0.47674 0.41199 035625 0.0032 0.26700 0.23138 0.2006 1 0.17411 0.13137 0.09931 0.07537 0.05731 00136100333 0.00537 35 0.00 0.50387 050003 0.42137 0.5535 0.2090 0.25342 02135 0,15120 0.15352 0.13011 0,096 0.007600009 0015002392 1007165 035126 0.6259 0:37243 0.30656 025257 0.205290.17193 0.1205 0.11746 0.09722 0.06675 0016 0.01 0.02209 001535 001075 000753 15 0.69905 051171 041020032017 020414 021266 0.17.20 0.13796 0110 001951 0.07265 0.01761 0.00133 0.02069 0.0172 0.0001300010000100 500.000 0.47500037153 0.299 0.22811 0.17.05 0.14071 011071 0.007200.06877 0.05429 001195 002132 00 0.00 0.00502 0.0046 000>

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