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Unformatted text preview: $60,000. 11. If upon graduation (age 21) you decide to invest in a 401K. You begin at age 21 and invest $3,000 per year for 10 years and then stop. If you wait until age 61 (another 30 yrs) to remove the funds, how much will the funds be worth assuming an average return of 10%? $3,000*15.9374 = $47,812.20 $47,812.20*17.449= $834,275.08 The funds will be worth $834,275.08 when I am 61 years old....
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This note was uploaded on 10/16/2011 for the course ACC 240 taught by Professor Sidneyford during the Fall '10 term at Chandler-Gilbert Community College.
- Fall '10