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How much can be accumulated for retirement if $2,000 is deposited annually, beginning one year from today, and the account earns 8 percent interest compounded
How much can be accumulated for retirement if $2,000 is deposited annually, beginning one year from today, and the account earns 8 percent interest compounded annually for 40 years?
| $675,764.89 | ||
| $518,113.04 | ||
| $736,583.73 | ||
| $802,876.27
Please show calculation too. |
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Municipal Finances A Handbook For Local Governments
Authors: Catherine D. Farvacque-Vitkovic, Mihaly Kopanyi
1st Edition
