How much could you save for retirement if you chose to invest the oney you spend on Starbucks coffee in one year? Assume you buy one venti latte for $4.50 each weekday for 50 weeks and can invest the total amount in a mutual fund earning 5% compounded annually for 30 years. ROUND THE ANSWER TO TWO DECIMAL PLACES.

Amount saved for retirement: ________________

Respuesta :

Answer:

The answer should be $7,087.50

Step-by-step explanation:

4.50 x 50 = 225

225 x 1.05 = 236.25

236.25 x 30 = 7087.50