Question
Assume someone had $100,000 in their retirement account on 3/3/1/2013. The five year rate of 3.98% means that each year their initial balance will grow
Assume someone had $100,000 in their retirement account on 3/3/1/2013. The five year rate of 3.98% means that each year their initial balance will grow by 3.98%. To find out how much money they will have in their account five years later we can fill in the following table
Five Year Rate 3.98% Date Initial Principal Interest Ending Principal 3/31/2013.
3/31/2014
3/31/2015
3/31/2016
3/31/2017
3/31/2018
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Understanding the Law
Authors: Donald L. Carper, John A. McKinsey
6th edition
978-0538473590
