Question

Greg budgeted carefully and by the time he turned 30 his retirement account balance was $22,000. If that amount grew at a rate of 10% per year how much would be in the account when he restored at age 65

Answer 1

Answer:

$618,253.61

Step-by-step explanation:

30 to 65 is 35 years

22000 × (1 + 10/100)³⁵

22000 × 1.1³⁵

618253.6107