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An employee contributes $200 a year (at the end of the year) to her pension plan. What would be the total contributions and value of the account after five years? Assume that th…

An employee contributes $200 a year (at the end of the year) to her pension plan. What would be the total contributions and value of the account after five years? Assume that th…
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5 votes
An employee contributes $200 a year (at the end of the year) to her

pension plan. What would be the total contributions and value of the
account after five years? Assume that the plan earns 15% per year over the period.

asked
User Mogelbrod
by
8.0k points

1 Answer

2 votes

Answer: the overall commitments over five a long time is $200 * 5 = $1,000, and the esteem of the account after five a long time is $2,011.73.

Step-by-step explanation:

answered
User Mujimu
by
8.4k points
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