Citi Bank

Using the below information, determine the total account balance (including company match) in your Chase account on your 65th birthday.

Financial Management Today, you celebrated your 25th birthday. You just landed a new job at Citi Bank. Citi provides you a 401-k plan, and you decide to deposit $300 every month for 10 years. Citi matches your 401-k at 100% (matching funds are deposited annually) and pays interest at 7.2% compounded monthly. At the end […]

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