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You want to retire at age 65 You decide to make a deposit to yourself...

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Basic Math

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You want to retire at age 65 You decide to make a deposit to yourself at the end of each year into an account paying 4 compounded annually Assume you a now 25 and can spare 1 900 per year Identify the following from the given information Let m represent the periodic payment in dollars r the annual interest rate as a decimal n the number of payments per year and t the time in years until retirement m r n t How much will you have when you retire at age 65 Round your answer to the nearest cent

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