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You are 22 years old and are starting a savings plan and will deposit $200 every 2 months until you retire. The account will give you 7% interest. How much do you expect your account to be worth when you retire at 67 years old?

2 Answers

2 votes

Answer:

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User Kyr Dunenkoff
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8 votes

Answer:

Formulae can be searched for confirmation : compounding interest with regular payments

Explanation:

Calculations do it by yourself

You are 22 years old and are starting a savings plan and will deposit $200 every 2 months-example-1
User Searsaw
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