Richard invests $184.67 every month into his 401k. At the end of 30 years, he has a balance of $124,466.49. How much interest did he earn over 30 years?
Richard invests $184.67 every month into his 401k. At the end of 30 years, he has a balance of $124,466.49. How much interest did he earn over 30 years?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:Richard invests $184.67 every month into his 401k. At the end of 30 years, he has a
balance of $124.466.49. How much interest did he earn over 30 years?
Round each answer to the nearest cent and do not enter the $ as part of your answer, enter
a number only.
I
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