Question
You expect to retire in 40 years and save $5,000 at the end of each year until then. Which formula would use you to determine
You expect to retire in 40 years and save $5,000 at the end of each year until then. Which formula would use you to determine how much will you have at retirement if your investments return 8% compounded annually?
A) FV of a lump-sum
B) PV of a lump-sum
C) FVAordinary annuity
D) FVAannuity due
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
