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Well diversified investment account

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Suppose you are a 22 year old college graduate who just started working. While your current savings (or starting balance) is $0, you have an automatic deposit of $60 a month (about $2 a day or $720 a year) starting with your first paycheck. In other words, assume you directly deposit $60 a month into a well diversified investment account earning 7% interest compounded yearly from now until you retire at age 67. How much would you have in the account 45 years from now when you retire at 67? (Enter numbers only, no dollar sign or comma.

Reference no: EM132498160

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