Question: 2 . Amy has a personal risk management program that includes retirement savings and health insurance. Perform the following calculations with regard to Amy s

2 .

Amy has a personal risk management program that includes retirement savings and health insurance. Perform the following calculations with regard to Amy

s retirement savings and health insurance.

.

Amy is starting to save for retirement. She plans to save $

5, 000

per year for

20

years. Her annual retirement contributions will be made at the end of each year. If her retirement account can earn

6

percent annual interest, what will the account balance equal twenty years from today, after Amy has made her

20

th annual retirement savings contribution?

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