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Michael is covered by the company 4 0 3 ( b ) plan and makes a monthly contribution of $ 4 6 6 . 6

Michael is covered by the company 403(b) plan and makes a monthly contribution of $466.67, including his and his employer's contributions. As of May 2024, his 403(b) accounts had a balance of $34,000, which is invested in a diversified portfolio. If he earned 6% annually on his portfolio last year, what will be the balance of his 403(b) account in 12 months, May 2025? Compute with financial calculator

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