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Assume that you contribute $200 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $300 per
Assume that you contribute $200 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $300 per month for another 25 years. Given a 9.0 percent interest rate, what is the value of your retirement plan after the 50 years?
Group of answer choices
$1,003,053
$332,676
None of these are correct.
$136,099
$2,445,933
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