SOLUTION: If you made $3,000 a year in contributions to your retirement account starting at the age of 25, making an average of 8% annual return, how much will you have at the age 65?

Question 1037015: If you made $3,000 a year in contributions to your retirement account starting at the age of 25, making an average of 8% annual return, how much will you have at the age 65?
Found 2 solutions by addingup, MathTherapy:
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
At 65: 3000(1+.08)^40 = 65,173.56
Answer by MathTherapy(10551) (Show Source): You can put this solution on YOUR website!

If you made $3,000 a year in contributions to your retirement account starting at the age of 25, making an average of 8% annual return, how much will you have at the age 65?

Amount in account at age 65:
, if contributions are made at the END of each year, but
, if contributions are made at the BEGINNING of each year
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