Future value of multiple annuities-value of retirement plan

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Reference no: EM131020221

Future Value of Multiple Annuities Assume that you contribute $270 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $370 per month for another 20 years. Given a 9.5 percent interest rate, what is the value of your retirement plan after 40 years?

A. $1,467,799

B. $203,196

C. $1,538,991

D. $201,600

Reference no: EM131020221

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