How much will be in your retirement account

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Reference no: EM131179667

You can afford to deposit $250 each month into your retirement account. For the first 15 years, your employer will match your deposits, but you plan to retire in 40 years. If your account is guaranteed to earn5.7%, compounded monthly, then ...

(a) ...how much will be in your retirement account after 15 years?

(b) ...what is the future value of the combined contributions from the first 15 years at retirement?

(c) ...how much accumulate from your continued deposits over the next 25 years?

(d) ...how much in total will there be in your account upon retirement?

Reference no: EM131179667

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