1. Justin is saving for his retirement 25 years from now by setting up a savings plan....
Question:
1. Justin is saving for his retirement 25 years from now by setting up a savings plan. He has set up a savings plan wherein he will deposit $ 115.00 at the end of every six months for the next 14 years. Interest is 8 % compounded semi dash annually. (a) How much money will be in his account on the date of his retirement? (b) How much will Justin contribute? (c) How much will be interest? (a) The future value will be $_____? (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) Justin will contribute $_____? (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) The interest will be $_____ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Please do not use ai