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Assume that you deposit 10% of your monthly salary into an investment account with an APR of 4.4% every month for 30 years. We will
Assume that you deposit 10% of your monthly salary into an investment account with an APR of 4.4% every month for 30 years. We will assume for simplicity that your salary never changes, so you are depositing the same amount every month for 30 years.
What will the balance of your investment account be after 30 years? Round your answer to the nearest cent.
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To calculate the balance of your investment account after 30 years we can use the formula ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
