How much will yhave when retire

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problem 1: After taking Eng. Econ, you have fully comprehended the time value of money and begin to save for retirement in a Milk account. Let's say you are now working at Nike and you plan to retire at 65 years old [you are now 25 years old]. Mike will match your A?lk contribution up to $4,900 a year. If you work at Nike until 65, and contribute $4,000 a year to your Milk, how much will you have when you retire? Assume a rate of return of 5.5% and you save at the end of EVEN period.

Reference no: EM132795284

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