Assume you are 25 and earn $40,500 per year, never expect to receive a raise, and plan to retire at age 55. If you inves

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Assume you are 25 and earn $40,500 per year, never expect to receive a raise, and plan to retire at age 55. If you inves

Post by answerhappygod »

Assume You Are 25 And Earn 40 500 Per Year Never Expect To Receive A Raise And Plan To Retire At Age 55 If You Inves 1
Assume You Are 25 And Earn 40 500 Per Year Never Expect To Receive A Raise And Plan To Retire At Age 55 If You Inves 1 (18.13 KiB) Viewed 61 times
please help me do this using excel
thank you
Assume you are 25 and earn $40,500 per year, never expect to receive a raise, and plan to retire at age 55. If you invest 5 percent of your salary in a 401(k) plan returning 11 percent annually, and the company provides a $0.50 per $1.00 match on your contributions up to 3 percent of salary, what is the estimated future value of your 401(k) account? Once you retire, how much can you withdraw monthly if you want to deplete your account over 30 years? .. Click the table icon to view the future value annuity table and to view the present value annuity table click this table icon E The estimated future value is $. (Round to the nearest cent.)
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”