Question: You are trying to decide how much to save for retirement. Assume you plan to save $ 5 0 0 0 per year with the

You are trying to decide how much to save for retirement. Assume you plan to save $5000 per year with the first investment made one year from now. You think you can earn 10% per year on your investments and you plan to retire in 43 years, immediately after making you last $5000 investment. How much approximately will you have in your retirement account on the day you retire?
$4 million
$3 million
$1 million
$5 million
You are trying to decide how much to save for retirement.

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