You are planning for retirement 34 years from now. You plan to invest $575 at the end of the month for the following 34 years (assume all cash flows occur at the end of each month). If you believe you will earn an annual percentage rate of return of 9.7%, what will your retirement investment be worth 34 years from now?

Answer rating: 100% (QA)

To calculate the future value of your retirement investment we can use the formula for ... View the full answer