Question

You have just made your first $3,500 contribution to your retirement account.Assume you earn a return of6 percent and make no additional contributions.a. What will your account be worth when you retire in 25 years?Future value for starting now

Answer 1

Step-by-step explanation

`A(t)=P(1+(r)/(100))^n`

where A is the future amount, r is the rate, P is the present value