Question
Find the final amount in the following retirement account, in which the rate of return on the account and the regular contribution change over time.
Find the final amount in the following retirement account, in which the rate of return on the account and the regular contribution change over time.
$260260
per month invested at
66%,
compounded monthly, for
77
years; then
$733733
per month invested at
77%,
compounded monthly, for
77
years.
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
