Finance Assignment | Professional Writing
30. $ _You would like to start saving for retirement. Assuming you are now 22 years old and you want to retire at age 60, you have 38 years to watch your investment grow. You decide to invest in the stock market, which you expect it to earn about 6% per year into the future.
You decide to invest $600 at the end of each month for the next 38 years (456 months). Calculate your accumulated investment at the end of 38 years. (Round to nearest whole dollar) if you do not have a financial calculator use the dynamic factor tables in Canvas (module 8-Factor Table, type in the interest rate and compounding periods in the blue highlighted portion of the factor table, it’ll calculate the factor you need).
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