Question:

Francine currently has $75,000 in her 401k account at work,

Last updated: 7/21/2022

Francine currently has $75,000 in her 401k account at work,

Francine currently has $75,000 in her 401k account at work, and plans to contribute $8,000 each year for the next 10 years. How much will she have in the account in 10 years, if the account averages a 5% annual return?