You choose to invest $50/month in a 401(k) that invests in an international stock mutual fund. Assuming

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You choose to invest $50/month in a 401(k) that invests in an international stock mutual fund. Assuming an annual rate of return of 9%, how much will this fund worth if retiring in 40 years?

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Personal Finance Turning Money into Wealth

ISBN: 978-0134730363

8th edition

Authors: Arthur J. Keown

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Posted Date: May 30, 2023 06:39 AM

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You choose to invest $50/month in a 401(k) that invests in an international stock mutual fund. Assuming

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50 x 12 months 600 year 600 x 40 years 24 000 For the c... View the full answer

Personal Finance Turning Money into Wealth

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