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Author Question: Looking ahead to retirement, you sign up for automatic savings in a fixed-income 401K plan ... (Read 70 times)

mrsjacobs44

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Solve.

Looking ahead to retirement, you sign up for automatic savings in a fixed-income 401K plan that pays 5% per year compounded annually. You plan to invest $2000 at the end of each year for the next 20 years. How much will your account have in it at the end of 20 years?
◦ $66,132
◦ $64,589
◦ $67,430
◦ $67,902


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Marked as best answer by mrsjacobs44 on Feb 28, 2021

jaymee143

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mrsjacobs44

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Reply 2 on: Feb 28, 2021
:D TYSM


EAN94

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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