Francine currently has $70,000 in her 401k account at work, and plans to contribute $5,000 each year for the next 20 years. How much will she have in the account in 20 years, if the account averages a 6% annual return?
Francine currently has $70,000 in her 401k account at work, and plans to contribute $5,000 each year for the next 20 years. How much will she have in the account in 20 years, if the account averages a 6% annual return?
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 16PROB
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