After you graduate you get a job as a medical account

Last updated: 5/22/2023

After you graduate you get a job as a medical account manager making 63 000 per year Being the wise planner you are you want to begin to save for retirement Your employer gives you the option of investing 8 of your monthly pre tax income into a 401k The account earns monthly compound interest at a rate of 7 25 Determine your monthly investment How much money will you have saved in 40 years when you hope to retire