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In: Advanced Math

You have just started a new job that offers a retirement savings account. You have two...

You have just started a new job that offers a retirement savings account. You have two options: You can invest 5% of your monthly wages at 2% OR You can invest 4% of your monthly wages at 4%. Both are compounded monthly. b. Assume that you will always make $45,000 annually, how much will you have saved with the better plan after 15 years? c.Assume that you will always make $45,000 annually, how much will you have saved with the better plan after 25 years?

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Colby Messinger answered 2 years ago
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