Question
Starting today, you are going to contribute $330 on the first of each month to your...
Starting today, you are going to contribute $330 on the first of each month to your retirement account. Your employer will contribute an additional 50% of the amount you contribute. If both you and your employer continue to do this and you can earn an effective monthly rate of 0.88%, how much will you have in your retirement account 48 years from now?
|
7,890,246 |
|
|
$8,109,420 |
|
|
$8,328,593 |
|
|
$8,547,767 |
|
|
$8,766,940 |
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