Question
You have two retirement accounts: A and B. You currently have $12,000 in Account A and you plan on depositing $1,400 each month into the
You have two retirement accounts: A and B. You currently have $12,000 in Account A and you plan on depositing $1,400 each month into the account until you retire in 25 years. Account A earns 6% compounded monthly. You currently have nothing in Account B and you plan on depositing $3,000 each year into the account until you retire in 25 years. Account B earns 10% compounded annually. How much do you have when you retire?
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Family Inc Using Business Principles To Maximize Your Familys Wealth
Authors: Douglas P. McCormick
1st Edition
1119577411, 978-1119577416
