Chapter 5, 5

You are to make monthly deposits of $675 into a retirement account that pays an APR of 10.3 percent compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 31 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Retirement account value in 31 years :

$ -306,113.17 incorrect