Question
When you graduate and start you new career, your employer offers you the option of immediately beginning to invest for retirement in a 401-k plan.
When you graduate and start you new career, your employer offers you the option of immediately beginning to invest for retirement in a 401-k plan. With the employer match, you will invest $1,000 per MONTH. Assume you earn an annualized return of 8%. You plan to work for 40 years and will invest MONTHLY for your entire career. How much money will you have when you retire in 40 years?
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Financial Management Of Health Care Organizations
Authors: William N. Zelman, Michael J. McCue, Alan R. Millikan, Noah D. Glick
2nd Edition
063123098X, 9780631230984
