Refer to problem 3. How much money will Judy have at retirement if her employer matches her
Question:
Refer to problem 3. How much money will Judy have at retirement if her employer matches her contributions?
Data From Problem 3
Judy pays off her car loan and now must decide how she wants to invest the extra $3,648 per year that she budgeted for car payments. She decides to invest this additional amount in her employer-sponsored retirement plan. Currently, the plan is averaging a 12% annual return. Judy has fifteen years until retirement. How much more money will she have at retirement if she invests this additional amount?
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At retirement Judy will have an additional 97400120 if sh...View the full answer
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