Assume that you contribute 130 per month to a retirement, Financial Management

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Assume that you contribute 130 per month to a retirement

Future Value of Multiple Annuities Assume that you contribute $130 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $230 per month for another 20 years. Given a 7.5 percent interest rate, what is the value of your retirement plan after 40 years? ? $134,400 ? $135,240 ? $448,470 ? $393,097

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Financial Management: Assume that you contribute 130 per month to a retirement

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