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You will retire in 30 years and can afford to put away 17 % of your salary each year. You make payments at the end
You will retire in 30 years and can afford to put away 17 % of your salary each year. You make payments at the end of each year, including year 30 30. If your salary over the coming year is $202,259 but you expect it to grow at 4 % per year, and you assume a 6 % return (annually) on your 401K, how big will your "nest egg" be at retirement? (Round your answer to three decimal places. For example 1.23450 or 1.23463 will be rounded to 1.235 while 1.23448 will be rounded to 1.234. Please DO NOT do any intermediate rounding and only round the final answer.)
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