A retirement account is opened with an initial deposit of $8,500 and earns 8.12% interest compounded monthly.

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A retirement account is opened with an initial deposit of $8,500 and earns 8.12% interest compounded monthly. What will the account be worth in 20 years?

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Precalculus

ISBN: 9781938168345

1st Edition

Authors: Jay Abramson

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Question Posted: Jun 02, 2022 03:07 AM

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A retirement account is opened with an initial deposit of $8,500 and earns 8.12% interest compounded monthly.

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Solution From the question we have P as 8500 R as 00812 And T ...View the full answer

Precalculus

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