Question
Lena has just become eligible to participate in hercompany's retirement plan. Her company does not matchcontributions, but the plan does average an annual return of
Lena has just become eligible to participate in hercompany's retirement plan. Her company does not matchcontributions, but the plan does average an annual return of 11%. Lena is 40 and plans to work to age 65. If she contributes $150 permonth, how much will she have in her plan atretirement?
When Lenaretires, the amount she will have in her retirement plan is $
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Quantitative Analysis for Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Ha
12th edition
133507335, 978-0133507331
