Question
Assume that you contribute $350 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $700 per
Assume that you contribute $350 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $700 per month for another 30 years. Given a 7 percent interest rate, what is the value of your retirement plan after the 50 years?
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Financial Management Core Concepts
Authors: Raymond M Brooks
3rd edition
133866696, 978-0133866698
