Question

Planning for retirement. Jackie has $7,000 in her 401k. If she plans to save $200 per...

Planning for retirement. Jackie has $7,000 in her 401k. If she plans to save $200 per month for the next 36 years, how much will she have in her 401k at the end when she retires. Assume her 401k portfolio earns 10% return with monthly compounding?

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Answer #1

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