You save $800 a year into a 401(k) account that you invest in a mutual fund earning 9% per year.  You plan to retire in 25 years. How much money will you have in your account at retirement?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 3PA: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...
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You save $800 a year into a 401(k) account that you invest in a mutual fund earning 9% per year.  You plan to retire in 25 years. How much money will you have in your account at retirement?

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