Jack plans to fund his retirement by investing $2,000 in a savings at the end of each year for the next 45 years. Assuming Jack can earn a compounding rate of interest 4.99% annually on his investments, how much will he have saved at the end of 45 years?

What is the simplest way to calculate the using a calculator?  

Answer rating: 100% (QA)

To calculate the amount Jack will have saved at the end of 45 years you can use the formu... View the full answer