Can someone please help me on this 401k homework question?
Can someone please help me on this 401k homework question?
You just started a new job. You are going to put $400 a month into your 401k account. If you can earn 6% growth on your investments, how much will this be worth in 50 years?
Answers:
Chosen Answer
Judy: $1,477,229.08 Just google compound interest calculator. Practice googling. Also make a note on your paper that you will need at least twice this much to retire if a person is 20 today. /
2009-10-26 08:25:12
Judy: $1,477,229.08 Just google compound interest calculator. Practice googling. Also make a note on your paper that you will need at least twice this much to retire if a person is 20 today. /
2009-10-26 08:25:12