Your employer offers a retirement plan which pays 8.5% compounded monthly. If you deposit $420 / month for 47 years into this retirement plan, how much money will you have in this account 47 years from

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asked May 11, 2022 115k views

5 votes

Your employer offers a retirement plan which pays 8.5% compounded monthly. If

you deposit $420 / month for 47 years into this retirement plan, how much money
will you have in this account 47 years from now?

Mathematics
college

Melquan asked

by Melquan

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1 Answer

3 votes

Answer:$19,740

Explanation:

Hope its right.

Dan Matthews answered May 16, 2022

by Dan Matthews

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