Question: Please using excel formula You are saving for retirement in 30 years. You deposit $15,000 in a bank account today that pays 2.75% interest, compounded
Please using excel formula
You are saving for retirement in 30 years. You deposit $15,000 in a bank account today that pays 2.75% interest, compounded quarterly. You leave those funds on deposit until you retire. You also contribute $2,500 a year to a pension plan for 20 years and then you stop making contributions to the fund. You leave your money in the pension fund until you retire. The pension plan grows at a rate or 4% a year. How much will you have when you retire?
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