John expects to invest 3000 per year in his 401k for ten

Reference no: EM13589506

John expects to invest 3,000 per year in his 401K for ten years and then expects to receive a large pay raise to invest 10,000 per year for the next ten years until retirement. He earns 10% on his investment. What is this 401K worth today?

Reference no: EM13589506

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