Question
Assume that you contribute $360 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $720 per
Assume that you contribute $360 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $720 per month for another 25 years. Given a 6 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.)
| Future value of multiple annuities | $ |
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The Sterling Bonds And Fixed Income Handbook
Authors: Mark Glowrey
1st Edition
0857190423, 978-0857190420
