Question

Can someone please help I don't understand how to solve this. boyce invested an average of $450 per month since age 34 in various securities for his retirement savings. His investments averaged a 4% annual rate of return until he retired at age 63. Given the same monthly investment and rate of return, how much more would Boyce have in his retirement savings had he started investing at age 20? Assume monthly compounding.
a) 113,320.00
b) 321,946.93
c) 78,624.00
d) 224,749.27

Answer 1

what do you think it is

Answer 2

I don't really know I forgot which formula to use for this

Answer 3

can you google the formula

Answer 4

@FSU

Answer 5

tbh im not realy sure

Answer 6

@Shell171717

Answer 7

Same well I will just wait and see if anyone else knows what to do for this

Answer 8

OK

Answer 9

sorry i wasant much help