You are 46 years from retirement. Starting now, if you save $8,141 at the end of every year until you retire, how much will you have at retirement if the interest rate is 5.8 percent? (Do not round any intermediate calculations. Round your final answer to 2 decimal places and enter it in the box below.)

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...
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You are 46 years from retirement. Starting now, if you save $8,141 at the end of every year until you retire, how much will you have at retirement
if the interest rate is 5.8 percent?
(Do not round any intermediate calculations. Round your final answer to 2 decimal places and enter it in the box below.)
Transcribed Image Text:You are 46 years from retirement. Starting now, if you save $8,141 at the end of every year until you retire, how much will you have at retirement if the interest rate is 5.8 percent? (Do not round any intermediate calculations. Round your final answer to 2 decimal places and enter it in the box below.)
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