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1) Suppose you start saving for retirement at 25 years old and you deposit $500 per month into an account that averages 8% APR, compounded
1) Suppose you start saving for retirement at 25 years old and you deposit $500 per month into an account that averages 8% APR, compounded monthly. How much money will be in the account when you are 35? (5 points)
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Local Public Finance
Authors: René Geissler, Gerhard Hammerschmid, Christian Raffer
1st Edition
3030674681, 978-3030674687
