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1. If I start a job today and will immediately begin contributing to a 401k, how much will I have after 25 years, given the
| 1. If I start a job today and will immediately begin contributing to a 401k, how much will I have after 25 years, | ||||||
| given the following assumptions? | ||||||
| $125,000 | Salary | |||||
| 6.00% | % of salary put to 401k, contributed at year end every year | |||||
| 25 | years of contributions | |||||
| 5.50% | Return on investments during working years | |||||
| <- answer: balance after end of 25 years | ||||||
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Investments An Introduction
Authors: Herbert B Mayo
10th Edition
0538452099, 9780538452090
