5. After sitting through your QL class, you are struck by the necessity to being investing for retirement as soon as possible. You therefore decide to invest $100 per month over the next 40 years in a...

Extracted text: 5. After sitting through your QL class, you are struck by the necessity to being investing for retirement as soon as possible. You therefore decide to invest $100 per month over the next 40 years in a good growth- stock mutual fund account that will earn an average of 9% APR, compounded monthly. Determine how much you would have in your retirement account at the end of those 40 years assuming you start with $0 in this account. a. $33,788.24 c. $468,132.03 b. $48,000.00 d. $945,478.65