Future value of multiple annuities-retirement plan

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Reference no: EM131340609

Future Value of Multiple Annuities Assume that you contribute $240 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $340 per month for another 20 years. Given a 8.0 percent interest rate, what is the value of your retirement plan after 40 years?

$896,744

$188,448

$187,200

$837,842

Reference no: EM131340609

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