Richard has enrolled in a 401(k) savings plan. He intends to deposit $250 each month; his employer does not contribute to his ac
count. How much will be in his account in 20 years?
1 answer:
Answer:
Richard will have $60,000 in his account in 20 years.
Step-by-step explanation:
(1) Multiply $250 x 12
(2) Multiply the answer of $250 x 12 which is 3000 by 20
(3) Final answer would be $60,000
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