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How much it would be after 40 years

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Reference no: EM131761346

You decided to set aside $400 every month at age 25 (is that something you can do?) and add them into a global growth mutual fund with expected growth rate of 8.9% per year until your retirement after 40 years (480 months). So, just $400 every month for 40 years at 8.9% annual rate, compounding MONTHLY. How much it would be after 40 years? 

$787,444

$1,817,759

$1,733,321

$1,425,974

$1,356,623

$325,433

$1,296,617

$964,281

Reference no: EM131761346

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