Question
Assume that you contribute $210 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $410 per
Assume that you contribute $210 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $410 per month for the next 25 years. Given an 8 percent interest rate. What is the value of your retirement plan after the 40 years? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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Personal Financial Planning For Executives And Entrepreneurs
Authors: Michael J. Nathanson, Jeffrey T. Craig, Jennifer A. Geoghegan, Nadine Gordon Lee, Michael A. Haber, Seth P. Hieken, Matthew C. Ilteris, D. Scott McDonald, Joseph A. Salvati, Stephen R. Stelljes
1st Edition
3030405273, 978-3030405274
