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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

$332,676

$136,099

$2,445,933

None of these are correct.

$1,003,053

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