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I currently have $42,000 saved in my retirement account. My employer-sponsored retirement plan pays me $2,250 every month, which is deposited into the same retirement
I currently have $42,000 saved in my retirement account. My employer-sponsored retirement plan pays me $2,250 every month, which is deposited into the same retirement account. If I am currently 30 years old and I plan to retire at age 65, what will the future value of my retirement account be after 35 years? Assume a 7.5% annual return, compounded monthly. $3,499,834.68 $874,958.67 $5,144,289.54 None of these $7,112,305.66
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