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Suppose at the end of 12 years you have $105,000. in your retirement account. You decide to leave the money in the account for another
Suppose at the end of 12 years you have $105,000. in your retirement account. You decide to leave the money in the account for another 25 years but add no money. For the last 5 years you work, you will move the account into a safer retirement that averages 4% annually, you will pay $5000 per month during those 5 years. What will the account be worth when you retire? Assume the account compounds monthly. $1,228,992.98$1,128,667.71$1,537,697.32$1,437,013.86
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