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Future Value of Annuity

Accounting
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The plan does average annual return of 11% lena is 40and plans to work to the age of 65. If she contributes $160 per month, how much will she have in her plan at retirement?

Oct 25th, 2014

Future value = present value *(1+0.11/12)6300 = 16,324.65 *(1+0.11/12)^300 = 252181.33

Answer: $ 252,181

Oct 25th, 2014

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Oct 25th, 2014
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Oct 25th, 2014
Dec 3rd, 2016
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