You want to retire at age 65. You decide to make a deposit to yourself at the end of each year into an account paying 11%, compounded annually. Assuming you are now 29 and can spare $1,600 per year, how much will you have when you retire at age 65?

Please round the answer to the nearest cent.

$ __________

Question

You want to retire at age 65. You decide to make a deposit to yourself at the end of each year into an account paying 11%, compounded annually. Assuming you are now 29 and can spare $1,600 per year, how much will you have when you retire at age 65?
​
Please round the answer to the nearest cent.
​
$ __________

Quizplus · Accepted Answer

The Answer of You want to retire at age 65. You decide to make a deposit to yourself at the end of each year into an account paying 11%, compounded annually. Assuming you are now 29 and can spare $1,600 per year, how much will you have when you retire at age 65?
​
Please round the answer to the nearest cent.
​
$ __________

You Want to Retire at Age 65