Sam is planning his retirement and needs your help. He is, starting today, depositing $ 144 per month?
Sam is planning his retirement and needs your help. He is, starting today, depositing $ 144 per month into a retirement fund that pays 7.9 % interest, compounded monthly. He will retire 38 years from now. What is the future value of this ordinary annuity? please explain
Public Comments
- Sam will make 65,664 dollars and the intrest will be 11,376 dollars giving him about 75,000 Dollars when he retires.
