Question
You are planning to make monthly deposits of $110 into a retirement account that pays 11 percent interest compounded monthly. If your first deposit will
You are planning to make monthly deposits of $110 into a retirement account that pays 11 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 23 years?
rev: 09_17_2012
| $143,761.61 | |
| $130,070.03 | |
| $120,315.21 | |
| $136,915.82 |
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Basic Finance An Introduction To Financial Institutions Investments And Management
Authors: Herbert B. Mayo, Michael J Lavelle
13th Edition
0357714741, 978-0357714744
