If you save $ 250 a year from the age of 35 to the age of 65, what is the amount you have at the age of 70 years on the assumption that the annual return is 12%?
If you saved $250 per year for 30 years @ 12%, you would have a total of =$60,333.17. However, this amount will continue to grow for another 5 years provided you continue to earn 12% till age 70 at which time it will be worth =$106,327.66
