Assume you invest 200 per month in your 401 K account in lar

Assume you invest $200 per month in your 401 K account in large stocks, given your age (32 years & 1 month), how much you will accumulate at age 67?

Using present value function in MS excel

FV(rate,nper,pmt,pv,type) = rate =12.1% /12 = 1.008% nper = (35*12)-1 =419 PMT = 200 PV = 0 type =0

FV(1.008%,419,-200,0,0)

$1,306,446.99

Amount in 401 K account at 67 age

$1,306,446.99

rate is missing which I have taken 12.1% which is given in similar question on net

Using present value function in MS excel	FV(rate,nper,pmt,pv,type) = rate =12.1% /12 = 1.008% nper = (35*12)-1 =419 PMT = 200 PV = 0 type =0	FV(1.008%,419,-200,0,0)	$1,306,446.99
Amount in 401 K account at 67 age	$1,306,446.99
rate is missing which I have taken 12.1% which is given in similar question on net