Assume that you contribute $310 per month to a retirement plan for 25 years. Then you are
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Question:
Assume that you contribute $310 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $620 per month for another 25 years. Given a 9.0 percent interest rate, what is the value of your retirement plan after the 50 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Future value of multiple entities _____
Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
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