Decide whether the following statement makes sense (or is clearly true) or does not make sense (or is clearly false). Explain your reasoning. If interest rates stay at 6 % APR and I continue to make...

Extracted text: Decide whether the following statement makes sense (or is clearly true) or does not make sense (or is clearly false). Explain your reasoning. If interest rates stay at 6 % APR and I continue to make my monthly $50 deposits into my retirement plan, I should have at least $40,000 saved when I retire in 20 years. The statement . .because I will have $..in my retirement account when I retire in 20 years. (Round to the nearest cent as needed.)