Question
You are planning to make monthly deposits of $180 into a retirement account that pays 7 percent interest compounded monthly. If your first deposit will
| You are planning to make monthly deposits of $180 into a retirement account that pays 7 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 14 years? |
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$48,709.05
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$51,126.60
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$48,570.27
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$613,519.22
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$53,682.93
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 10th Edition
1337902578, 978-1337902571
