Question
A student graduates when he is 22 years old and starts saving 20.00 per month until he retires at age 65. The interest averages 4.5%
A student graduates when he is 22 years old and starts saving 20.00 per month until he retires at age 65. The interest averages 4.5% annually and is compounded monthly. How much money did he have when he retired?
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
