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How much will have when retire

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Reference no: EM132758035

You plan to retire in 40 years. Assume you are able to earn 10 percent interest on your investments.

Factors to use for n = 40, I = 10% (DO NOT USE ANY OTHER FACTORS OR EQUATIONS)

Future Value of $1 45.259

Future Value of an Annuity of $1 442.59

Present Value of $1 .022

Present Value of an Annuity of $1 9.779

Problem 1: If you invest $2,300 each year for the next 40 years, how much will you have when you retire?

Reference no: EM132758035

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