Question: Question 1 1 ( 6 . 6 6 points ) Listen I plan to deposit $ 3 7 9 into my retirement every year for

Question 11(6.66 points)
Listen
I plan to deposit $379 into my retirement every year for the next 25 years. The first deposit will be made today (that is, at t=0) and the last deposit will be made at the end of year 24(that is, at t=24). I plan to make no other deposits. Assuming that I will earn 10.69% p.a. on my retirement funds, how much money will I have accumulated 36 years from today (that is, at t=36)?
Round your answer to 2 decimal places; record your answer without commas and without a dollar sign.
Your Answer:
Answer
 Question 11(6.66 points) Listen I plan to deposit $379 into my

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!