What is the value of your retirement plan

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What is the value in year 3 of a $1,100 cash flow made in year 6 if interest rates are 10 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Value in 3 years: $

Assume that you contribute $240 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $440 per month for the next 25 years. Given an 8 percent interest rate. What is the value of your retirement plan after the 40 years? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Future value of multiple annuities $

Reference no: EM132000425

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