Question: Decide whether the following statement makes sense (or is clearly true) or does not make sense (or is clearly false). Explain your reasoning. If interest

Decide whether the following statement makes sense (or is clearly true)

Decide whether the following statement makes sense (or is clearly true) or does not make sense (or is clearly false). Explain your reasoning. If interest rates stay at 6% APR and I continue to make my monthly $50 deposits into my retirement plan, I should have at least $40,000 saved when I retire in 20 years. The statement...........because I will have ...in my retirement account when I retire in 20 years. (Round to the nearest cent as needed.)

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