Question: Suppose you trying to decide how much to save for retirement. Assume you plan to save $600 fortnightly (each 2 weeks) with the first investment
Suppose you trying to decide how much to save for retirement. Assume you plan to save $600 fortnightly (each 2 weeks) with the first investment made in two weeks. You think you can earn 10% per year compounded fortnightly on your investments and you plan to retire in 43 years, immediately after making your last $600 investment. How much will you have in your retirement account on the day you retire? Round your answer to two decimal places. Assume 52 weeks in a year.
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