Bradford is 27 years old and starts investing $3,000 per year into his retirement investment account, earning 9% compounded annually. He decides that each year he will increase his contributions by 2.5%. Calculate the maturity value (future value) at age 65, assuming he makes year-end payments.

Answer rating: 100% (QA)

To calculate the future value of Bradfords retirement investment account at age 65 we can use the fo... View the full answer