Question
Assume that you contribute $200 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $400 per
Assume that you contribute $200 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $400 per month for another 25 years. Given a 5 percent interest rate, what is the value of your retirement plan after 40 years?
| $424,305.97 | ||
| $24,159.95 | ||
| $28,475.66 | ||
| $72,479.86 |
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Financial Analysis With Microsoft Excel
Authors: Timothy R. Mayes
9th Edition
0357442059, 9780357442050
