What is the value of your retirement plan

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Reference no: EM13849948

Assume that you contribute $200 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $400 per month for another 25 years. Given a 5 percent interest rate, what is the value of your retirement plan after 40 years?

$424,305.97

$24,159.95

$28,475.66

$72,479.86

Reference no: EM13849948

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