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Want to make sure my answers are correct. Part IlI: You are 25 years old and decide to contribute the maximum allowable amount to your

Want to make sure my answers are correct.
Part IlI: You are 25 years old and decide to contribute the maximum allowable amount to your 401k each year $18,000. If your 401k earns 7% each year, what will your balance be when you turn 55 years old? N (period of time) I (Interest) PV (Present Value FV (Future Value) PMT (Annuity) 35 7.00% 2,488,264 18,000

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