Luke is 20 years old and has decided to get a head start on his retirement savings. At the end of each year, until he is 65, he will save $ 5,000 in a retirement account. If the account earns 7 % per year, how much will Luke have in the account at age 65?

Answer rating: 100% (QA)

Given yearly paymeat at end of each year 5000 ate of interrest 7 o... View the full answer