Question: Instead of making a single lump sum contribution, you decide to make monthly contributrions. Assume all of the other parameters are the same as above.

Instead of making a single lump sum contribution, you decide to make monthly contributrions. Assume all of the other parameters are the same as above. How much will you have saved by the time you turn 65

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To assess your savings at age 65 you must utilize the future value formula for any annuity The follo... View full answer

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