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Every month, your employer deposits $1200 into your 401-K account, with the first payment made 1 month from now. The average rate of return on

Every month, your employer deposits $1200 into your 401-K account, with the first payment made 1 month from now. The average rate of return on 401-K account is 12%. How much will you have in your 401-K account after working for 5 years, assuming no additional contribution was made?

how would i calculate this on paper? What is the formula

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