Question
You just got the job of your dreams so you want to build up a retirement fund so that you can retire in 40 years.
You just got the job of your dreams so you want to build up a retirement fund so that you can retire in 40 years. You decide that you can spare $255 from each monthly paycheck and ask your employer to automatically deposit this into a 401k
A. How much will you have to retire on if the bank pays 2.3% compounded monthly?
B.
How much interest will you have earned?
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Finance Accumulation And Monetary Power
Authors: Daniel Woodley
1st Edition
0367338556, 978-0367338558
