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?
Future value = present value *(1+0.11/12)6300 = 16,324.65 *(1+0.11/12)^300 = 252181.33
Answer: $ 252,181
Content will be erased after question is completed.
Enter the email address associated with your account, and we will email you a link to reset your password.
Forgot your password?