In 2012 the maximum Social Security deposit by an individual was $8, XXXXXXXXXXSuppose you are 25 and make a deposit of this amount into an account at the end of each year. How much would you have (to...


In 2012 the maximum Social Security deposit by an individual was $8,386.75. Suppose you are 25 and make a deposit of this amount into an account at the end of each year. How much would you have (to the nearest dollar) when you retire if the account pays 3% compounded annually and you retire at age 65?
$



Jun 10, 2022
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