Question
Richard has enrolled in a 401(k) saving plan.He intends to deposit $274 each month; his employer does not contribute to his account. His account pays
Richard has enrolled in a 401(k) saving plan.He intends to deposit $274 each month; his employer does not contribute to his account.
His account pays 3.5% annually.He plans to retired in 20 years.
How much money did Richard put into his 401(k) account over the 20 years?
Round your answer to the nearest cent.
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Basic Mathematics With Early Integers
Authors: Charles P McKeague
1st Edition
1936368978, 9781936368976
