Question: TB EX Qu . C - 8 6 ( Algo ) You want to save for... You want to save for retirement. Assuming you are

TB EX Qu. C-86(Algo) You want to save for...
You want to save for retirement. Assuming you are now 20 years old and you want to retire at age 60, you have 40 years to watch
your investment grow. You decide to invest in the stock market, which has earned about 10% per year over the past 80 years and is
expected to continue at this rate. You decide to invest $1,500 today.
Required:
How much do you expect to have in 40 years? (FV of $1, PV of $1, FVA of $1, and PVA of $1)(Use tables, Excel, or a financial
calculator. Round your answer to 2 decimal places.)
TB EX Qu. C-86(Algo) You want to save for... You want

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