Question
An individual contributes $200 per month to a 401(k) retirement account. The account earns interest at a nominal annual interest rate of 8%, with interest
An individual contributes $200 per month to a 401(k) retirement account. The account earns interest at a nominal annual interest rate of 8%, with interest being credited monthly. What is the value of the account after 35 years?
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
3rd Edition
0324274319, 9780324274318
