How to open a savings account to save retirement

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open a savings account to save retirement. Every month you put $100 into a savings account which pays 8% interest compounded monthly. At the end of each year you receive a $500 bonus which you place directly into your retirement fund. How much is in this account after 40 years?

Reference no: EM13230178

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How to open a savings account to save retirement : open a savings account to save retirement. Every month you put $100 into a savings account which pays 8% interest compounded monthly. At the end of each year you receive a $500 bonus which you place directly into your retirement fund

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