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You have just started a new job that offers a retirement savings account. You have two...

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Advance Math

You have just started a new job that offers a retirement savingsaccount. You have two options: You can invest 5% of your monthlywages at 2% OR You can invest 4% of your monthly wages at 4%. Bothare compounded monthly. b. Assume that you will always make $45,000annually, how much will you have saved with the better plan after15 years? c.Assume that you will always make $45,000 annually, howmuch will you have saved with the better plan after 25years?

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