SOLUTION: if i save $300 a month and over time my mutual fund earns 9.0% APR compounded monthly for 57 years, when i retire how much will the mutual fund be worth?

SOLUTION: if i save $300 a month and over time my mutual fund earns 9.0% APR compounded monthly for 57 years, when i retire how much will the mutual fund be worth?

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Question 718198:
if i save $300 a month and over time my mutual fund earns 9.0% APR compounded monthly for 57 years, when i retire how much will the mutual fund be worth?
Answer by checkley79(3341) (Show Source): You can put this solution on YOUR website!
300(1+.09/12)^57*12
300(1.0075)^684
300*165.81=$49,743.78 ANS.
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