ExplainItLikeImFive
  • ExplainItLikeImFive
Solve the problem. Round to the nearest dollar if needed. Looking ahead to retirement, you sign up for automatic savings in a fixed-income 401K plan that pays 5% per year compounded annually. You plan to invest $3500 at the end of each year for the next 15 years. How much will your account have in it at the end of 15 years?
Mathematics
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SOLVED
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  • schrodinger
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ExplainItLikeImFive
  • ExplainItLikeImFive
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