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Assume that you contribute $200 per month to a retirement plan for 20 years.

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Question;Assume that you contribute $200 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $400 per month for another 30 years. Given a 7% interest rate, what is the value of your retirement plan after the 50 years?

 

Paper#44151 | Written in 18-Jul-2015

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