Suppose you plan to retire in 40 years.  If you make 10 annual investments of $5,000 into your retirement account for the first 10 years, and then no more contributions to the account for the remaining 30 years.  If the retirement account earns a fixed 9% annual interest, how much will you have at your retirement?

Answer rating: 100% (QA)

Answer 100787465 Explanations Assume the annual payments of 5000 for the fir... View the full answer