Assume that you contribute $340 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $540 per month for the…
Assume that you contribute $340 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $540 per month for the next 25 years. Given an 7 percent interest rate. What is the value of your retirement plan after the 50 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
