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Need help calculating the value of my retirement portfolio at the end of each of the first five years I work. Assume that the amount
Need help calculating the value of my retirement portfolio at the end of each of the first five years I work. Assume that the amount I contribute each year is divided into 12 equal amounts which I deposit at the end of each month (periodic deposits). Assume that the retirement account earns a nominal annual rate of return of 6%, compounded monthly.
Heres how much I contribute each year
First Year: $2,696.70
Second Year: $2,966.37
Third Year: $3,263.01
Forth year: $3,589.31
Firth Year: $3,948.24
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