Question
Suppose you start investing $100 per month into an account that pays you 9% per year, compounded monthly. If you make a total of 420
Suppose you start investing $100 per month into an account that pays you 9% per year, compounded monthly. If you make a total of 420 monthly payments, with your first payment made today, how much will you have saved in exactly 35 years?
[IMPORTANT: Round your final answer to the nearest dollar (eg. $1234), and DO NOT use commas in your answer]
Value of account in 35 years = $
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Fundamental Accounting Principles
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
20th Edition
1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870
