After taxes-social security contribution and living expenses

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1) You earn $5,000 a month. After taxes, social security contributions, and living expenses you have $200 per month that you can and will save. What is the future value of $200 saved every month for 30 years if the annual rate is of return is 12% assume annual compounding period. We are looking for the value of your savings 30 years from the time you stated saving.

2) You earn $5,000 a month. After taxes, social security contributions, and living expenses you have $100 per month that you can and will save. What is the future value of $100 saved every month for 30 years if the annual rate is of return is 12% assume annual compunding period. We are looking for the value of your savings 30 years from the time you stated saving.

Reference no: EM131945167

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