1 plan to deposit $415 into my retirement every year for the next 25 years....
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1 plan to deposit $415 into my retirement every year for the next 25 years. The first deposit will be made today (that is, at t=0 ) and the last deposit will be made at the end of year 24 (that is, at t=24 ). I plan to make no other deposits. Assuming that I will earn 12.83% p.a. on my retirement funds, how much money will I have accumulated 36 years from today (that is, at t=36 )? Round your answer to 2 decimal places; record your answer without commas and without a dollar sign. Your
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