Question
Jose deposits $800 annually into a Teacher Credit Union for retirement that earns 3.25% compounded annually. Ignore the tax. Due to the change in employment,
Jose deposits $800 annually into a Teacher Credit Union for retirement that earns 3.25% compounded annually. Ignore the tax. Due to the change in employment, these deposits stop after 15 years, but the account continues to earn interest until he retires 20 more years from the end of the 15th year. How much is in the account when he retires?
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Handbook Of Asian Finance Financial Markets And Sovereign Wealth Funds
Authors: David Lee, Greg N. Gregoriou
1st Edition
0128009829, 978-0128009826
