Assume that you contribute per month to a retirement plan for years Then you are able to increase the contribution

Assume that you contribute per month to a retirement plan for years Then you are

month to a retirement plan for years Then you are able to increase the contribution to per month for the

Assume that you contribute per month to a retirement plan for years

Then you are able to increase the contribution to per month for the

Assume that you contribute per month to a retirement plan

Assume that you contribute per

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Amount: | $25 |

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Paper instructions

Assume that you contribute $190 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $390 per month for the next 25 years. Given an 7 percent interest rate. What is the value of your retirement plan after the 50 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

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