John has an opportunity to sav

timer Asked: Nov 19th, 2015

Question description

John has an opportunity to save $165 per month at an APR of 5.15% in a 401K plan through work.  He plans to retire in 32 years.  The income taxes are at 28% for him.  If John's company offers a 45% matching contribution, use Excel's FV function to determine how much his investment will be worth when he retires. 

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