Ask Question
18 October, 14:18

An employee contributes $75 each month to her 401 (k). What will be the value of her 401 (k) after the 240th deposit (20 years) if the per annum rate of return is assumed to be 12% compounded monthly?

+2
Answers (1)
  1. 18 October, 18:02
    0
    The value of her 401 (k) will be 2,160 compounded monthly.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “An employee contributes $75 each month to her 401 (k). What will be the value of her 401 (k) after the 240th deposit (20 years) if the per ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers