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You deposit $600 per month into a retirement fund that earns 6.1% compounded monthly. (a) How much will you have when you retire in 35
You deposit $600 per month into a retirement fund that earns 6.1% compounded monthly. (a) How much will you have when you retire in 35 years? (Round to the nearest cent, if needed.) In 35 years, I will have a total of $ Blank 1. Calculate the answer by read surrounding text. (b) How much of your own money did you contribute over this time period? (Round to the nearest cent, if needed.) Of that total, I contributed $ Blank 2. Calculate the answer by read surrounding text. of my own money.
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