sam40full sam40full

07-10-2022
Mathematics

Answered

. In 2021 the maximum allowable deposit into a 401k retirement account by
an individual was $19,500. Suppose you are 28 and make a deposit of this
amount into an account at the end of each year. How much would you
have (to the nearest dollar) when you retire if the account
pays 3% compounded annually and you retire at age 65?

Answer :

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