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You have deposited $2,500 every year to the 401-k account for the past 10 years with your current employer, company X. The deposits have been
You have deposited $2,500 every year to the 401-k account for the past 10 years with your current employer, company X. The deposits have been made end of the year, and the account has paid interest of 8% per year. Today you quit company X, and join company Y. You roll over the account to the new 401-k of company Y. The account in the new company pays interest of 12% compounded quarterly. What is the account balance of the new 401-k exactly 10 years from now?
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