How much is the future value of a retirement plan to be obtained in December 2040 if the sum of $ 250 is contributed monthly since January 2017 and the plan returns an annual compound interest of 4.8%? Analyze your results and discuss the advantages or disadvantages of this plan.

Answer rating: 100% (QA)

Time period n 2312 276 months Rate of return 48 12 04 Future Value FV Monthly Payment pmt 250 Here i... View the full answer