Question
John makes $2,800 per month and has an opportunity to invest $150 per month at an APR of 4.5% in a 401K plan through work.
John makes $2,800 per month and has an opportunity to invest $150 per month at an APR of 4.5% in a 401K plan through work. He plans to retire in 30 years.
Type in the EXACT formula you would use in excel (no spaces) to find the amount in the account after he has invested for 30 years.
Using excel, what is the answer to the formula from the previous part?
How much money willhe depositinto the 401K over the 30 years?
How much totalinterestwill he earn on his 401K over the 30 years?
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Derivatives Markets
Authors: Robert McDonald
3rd Edition
978-9332536746, 9789332536746
