Find expert answers and community insights on IDNLearn.com. Get accurate and detailed answers to your questions from our dedicated community members who are always ready to help.
. In 2021 the maximum allowable deposit into a 401k retirement account by
an individual was $19,500. Suppose you are 28 and make a deposit of this
amount into an account at the end of each year. How much would you
have (to the nearest dollar) when you retire if the account
pays 3% compounded annually and you retire at age 65?
Sagot :
Thank you for being part of this discussion. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. IDNLearn.com is committed to providing accurate answers. Thanks for stopping by, and see you next time for more solutions.
