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YOU and your BEST FRIEND just graduated from college. You both went to the same college and majored in the same field. You both started
YOU and your BEST FRIEND just graduated from college. You both went to the same college and majored in the same field. You both started working at age in the same workplace. Each of you decided upon a different course of action for your respective retirement plans. Assuming each plan earned and both of you decided to retire at age calculate the earnings each plan generated. Upon the advice of your Personal Finance professor hint hint at the age of years old... YOU began immediately putting $ per year in an individual retirement account IRA and $ per year in a K In total you put in $ each year. You contributed for a total of years. After years, you made no further contributions into the account. Your BEST friend did not contribute to their retirement accounts until they turned years old, even though you both worked in the same place and received the same plans. They had planned to simply invest $ and $ each year for the remaining years until they retired at age In total they put in $ each year until age How much did You contribute OUT of pocket in total into your plan? How much did your BEST FRIEND contribute OUT of pocket in total into their plan? How much did You accumulate in Your retirement account with interest? I would like help with and please!
YOU and your BEST FRIEND just graduated from college. You both went to the same college and majored in the same field. You both started working at age in the same workplace. Each of you decided upon a different course of action for your respective retirement plans. Assuming each plan earned and both of you decided to retire at age calculate the earnings each plan generated.
Upon the advice of your Personal Finance professor hint hint at the age of years old... YOU began immediately putting $ per year in an individual retirement account IRA and $ per year in a K In total you put in $ each year. You contributed for a total of years. After years, you made no further contributions into the account.
Your BEST friend did not contribute to their retirement accounts until they turned years old, even though you both worked in the same place and received the same plans. They had planned to simply invest $ and $ each year for the remaining years until they retired at age In total they put in $ each year until age
How much did You contribute OUT of pocket in total into your plan?
How much did your BEST FRIEND contribute OUT of pocket in total into their plan?
How much did You accumulate in Your retirement account with interest?
I would like help with and please!
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