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Determine the value at retirement

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Reference no: EM133144519

The monthly deposit for a retirement plan is $300. And you are 40 years away from retirement. You are considering investing in the stock market, the annual rate of return (Stock market investing) is 6%. Using the FV function to determine the value at retirement if the money is invested.

Monthly Deposit: $300

Number of Years Until Retirement: 40

Annual Rate of Return: 6%

Value at Retirement if No-Investment: $144,000 ($300 * 40 * 12)

Value at Retirement (FV) if money Invested: $

Reference no: EM133144519

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