in 2012 the maximum socail securuty deposit by an idvudual was $8386.75. suppose you are 27 and make a deposit of this amount into an account at the end of each year. how much would you have when you  retire if the account oats 2% compounded annually and you retire at 65.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....
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in 2012 the maximum socail securuty deposit by an idvudual was $8386.75. suppose you are 27 and make a deposit of this amount into an account at the end of each year. how much would you have when you  retire if the account oats 2% compounded annually and you retire at 65.

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