You are exactly 28 years old and plan on contributing (at the end of the month) $1000/month (and continuing each month until the age of 65) into your 401k retirement account. You expect to earn a 9% APR (with montly compounding) in the account. How much would you expect to have in the retirement account exactly 37 years later, at age 65?

Answer rating: 100% (QA)

CONTRIBUTION 1000 Per month interest rates 9 compounding monthly inter... View the full answer