You earn $5,000 a month. After taxes, social security contributions, and living expenses you have $200 per month that you can and will save. What is the future value of $200 saved every month for 30 years if the annual rate of return is 6% assume annually compounding period. We are looking for the value of your savings 30 years from the time you stated saving.
Get Answers For Free
Most questions answered within 1 hours.