Question
CH 5 Drill You make $7,200 annual deposits into a retirement account that pays 11.3 percent interest compounded monthly. Required: How large will your account
CH 5 Drill
You make $7,200 annual deposits into a retirement account that pays 11.3 percent interest compounded monthly.
| Required: |
| How large will your account balance be in 33 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
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Intermediate Financial Theory
Authors: Jean-Pierre Danthine, John B. Donaldson
2nd Edition
0123693802, 978-0123693808
