8. You can help the environment and be rich! Let’s start today planning for your retirement. You place $100 in a CD (certificate of deposit) that is earning 5.5% interest. Each month you will cut back on your driving and gas consumption and take some of your savings to deposit an additional $5.00 per month into the account but you can only do this at the end of each year so you stick your $5 each month in a cookie jar until you can make the deposit. Assuming that you are 20 years old now and will retire when you are 65 years old, how much money will you have accumulated (including interest

Question

8.	You can help the environment and be rich!  Let’s start today planning for your retirement.  You place $100 in a CD (certificate of deposit) that is earning 5.5% interest.  Each month you will cut back on your driving and gas consumption and take some of your savings to deposit an additional $5.00 per month into the account but you can only do this at the end of each year so you stick your $5 each month in a cookie jar until you can make the deposit.  Assuming that you are 20 years old now and will retire when you are 65 years old, how much money will you have accumulated (including interest