Suppose you are a 22 year old college graduate who just started working. While your current savings (or starting balance) is $0, you create 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?