Answered

Find the best answers to your questions at Westonci.ca, where experts and enthusiasts provide accurate, reliable information. Get quick and reliable answers to your questions from a dedicated community of professionals on our platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

Your goal is to have $200,000 in a 401K that is compounded continuously in order to retire. If you invest $9,500 for fifty years at a rate of 7%, will you reach your goal?

Sagot :

boooknote6

Answer:

Yes

Step-by-step explanation:

You will get $279,841.74 in that 50 years.

We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We hope this was helpful. Please come back whenever you need more information or answers to your queries. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.