Discounted making new contributions

Assignment Help Financial Management

Reference no: EM131449035

Assuming that you are 23years old and that you place $30000 year end deposits each year into a stock index fund that earns an average of 9.5% per year for yhe next 17 years.

How much money wil you have in the account 15years later at age 55 if the account continues to earn 9.5% per year but you discounted making new contributions.

Reference no: EM131449035

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