question archive An employee plans to invest $30, 000 per year at the end of each year into a high-risk retirement account
An employee plans to invest $30, 000 per year at the end of each year into a high-risk retirement account
Subject:FinancePrice: Bought3
An employee plans to invest $30, 000 per year at the end of each year into a high-risk retirement account. He expects earn 7% for 35 years. What will his retirement account be worth at the end at the end of those 35 years? Please identify a) the annuity amount, b) the future value factor the annuity c)the ordinary annuity factor and the future value
