Your employer offers you a group retirement saving benefits of matching 20% of your monthly saving in the retirement account. Every month, you plan to save CAD 200. You expect to earn 6% return from the retirement account, and you intend to save for next 10 years (assuming you stick around with the same employer for the next 10 years). How much money will you have in your retirement account after 10 years?

Answer rating: 100% (QA)

To calculate the amount of money you will have in your retirement account after 10 years taking into ... View the full answer