Questions LLC
Login
or
Sign Up
Ask a New Question
Financial Planning
Retirement Planning
Investment Calculations
if I deposited $625 in a retirement account per month and it had a return of 3.84% a year compounded monthly. How much will I have in my account in 15 years?
1 answer
625(1+.0384/12)^(12*15) = 1110.80
You can
ask a new question
or
answer this question
.
Related Questions
A 20 year old college student starts a retirement savings account with a monthly
contribution of $150 at an APR of 6% (compounded
Find the final amount in the following retirement account, in which the rate of return on the account and the regular
2. Four years ago, Remy deposited RMX in a savings account that paid interest at 6.5% compounded
monthly. Today, another RM2,000
You are planning to save for retirement over the next 35 years. To do this, you will invest $770 a month in a stock account and
Zenda deposited $1,200 in a savings account that pays 6.5% interest,
compounded monthly. What is the balance in her account at
Gilberto opened a savings account for his daughter and deposited $700 on the day she was born. Each year on her birthday,
Gilberto opened a savings account for his daughter and deposited $1200 on the day she was born. Each year on her birthday,
diane works at a public university and contributes $625 per month in her retirement fund. the fund returns 3.84% a year,
You are planning to save for retirement over the next 15 years. To do this, you will invest $1,100 a month in a stock account
You are planning to save for retirement over the next 15 years. To do this, you will invest $1,100 a month in a stock account