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Bill johnson deposits $3,000 a year into her retirement account. if these funds have an average earning of 8 percent over the 40 years until her retirement, what will be the value of her retirement account?
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Bill johnson deposits $3,000 a year into her retirement account. if these funds have an average earning of 8 percent over the 40 years until her retirement, what will be the value of her retirement account?

User Aimiliano
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yearly deposit amount : $ 3000. present value of an annuity: 259.060 $3,000 Ă— 259.060 = $777,180. the value of her retirement account= $777,180.
User Victor Sigler
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