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2) A new retirement account is just opened. You plan on putting into it an average of $ 425 per month for 40 years at
2) A new retirement account is just opened. You plan on putting into it an average of $ 425 per month for 40 years at an average yearly rate of return of 7.75%. What are the total value V of this account at the end of the 40 years, the total amount A put into the account over 40 years and the total interest I received in the 40 years?
please please answer this Question in 40 minutes
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Behavioral Finance Psychology Decision-Making and Markets
Authors: Lucy Ackert
1st edition
324661177, 978-0538752862, 538752866, 978-1111781675, 1111781672, 978-1133455486, 978-0324661170
