At the end of each year we contribute a slightly smaller amount into our retirement fund: Year 1 $1,000 Year 2 $1,100 Year 3 $1,200, and Year 4 $1,300. If we get an annual rate of return of 5%, how much will our retirement account be worth at the end of the fourth year?

Answer rating: 100% (QA)

To calculate the future value of the retirement account at the end of the fourth year we can use the ... View the full answer