dale is 35 years old and planning to retire at age 65. He will invest an average of $155 each month with an average annual return of 3.7% adjusted for inflation. If interest compounds monthly, how much money will dale have in savings at the begining of his retirement?

Question

anonymous · Answer

what equation would i use for this @e.mccormick

e.mccormick · Answer

Should be the same formula... he is saving monthy and has an aberage 3.7 annual return.

anonymous · Answer

thanks

e.mccormick · Answer

Found it! http://mupfc.marshall.edu/~schroederm/4c.pdf Page 2.

e.mccormick · Answer

As you can see, it is the same.

anonymous · Answer

What was the answer for this?