You just turned 29 years old and decided to start saving for your retirement. You plan to save $6,000 at the end of each year (so the first deposit will be one year from now), and will make the last deposit when you retire at age 65. Suppose you earn 6% per year on your retirement savings, how much will you have saved for retirement right at age 65?(Round to the nearest dollar.)

Answer rating: 100% (QA)

To calculate the total amount saved for retirement at age 65 we can use the formula ... View the full answer