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Sally has $42,180.55 in a brokerage account, and she plans to deposit an additional $5,250 at the end of every future year until she retires
Sally has $42,180.55 in a brokerage account, and she plans to deposit an additional $5,250 at the end of every future year until she retires in fifteen years. She is expecting to earn (9.25%,1) on her brokerage account. How much will she have when she retires? Prof gave us the answer 316,220.00 and I got the answer 120,637.07 and not sure what I did wrong.
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