Loose Leaf for Personal Finance
Loose Leaf for Personal Finance
12th Edition
ISBN: 9781259720680
Author: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
Publisher: McGraw-Hill Education
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Chapter 1, Problem 7AE
Summary Introduction

To determine:

The future value of the given 401(k) plan after 40 years.

Introduction:

Future value refers to the value that is to be received in future after considering the time value of money on a particular investment for a number of periods of time. It is the total amount to be received by an investor on the amount invested by him after certain period with the component of interest.

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How To Calculate The Present Value of an Annuity; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=RU-osjAs6hE;License: Standard Youtube License