Question
Consider that you are 35 years old and have just changed to a new job. You have $143,000 in the retirement plan from your
Consider that you are 35 years old and have just changed to a new job. You have $143,000 in the retirement plan from your former employer. You can roll that money into the retirement plan of the new employer. You will also contribute $6,500 each year into your new employer's plan. If the rolled-over money and the new contributions both earn a return of 6 percent, how much should you expect to have when you retire in 30 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
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