Future value of multiple annuities

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Reference no: EM131346606

Future Value of Multiple Annuities Assume that you contribute $190 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $290 per month for another 20 years. Given a 10.5 percent interest rate, what is the value of your retirement plan after 40 years?

$164,628

$1,400,118

$163,200

$1,481,168

Reference no: EM131346606

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