Assume that you contribute $ 1 5 0 per month to a retirement plan for 2 0

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Question:

Assume that you contribute $

150

per month to a retirement plan for

20

years. Then you can increase the contribution to $

278

per month for another

20

years, and finally, $

428

per month for the last

10

years. Given a

5

percent interest rate, what is the value of your retirement plan after the

50

years?

Posted Date: May 18, 2024 06:14 PM

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Assume that you contribute $ 1 5 0 per month to a retirement plan for 2 0

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