Question
You are planning to make monthly deposits of $400 into a retirement account that pays 10% interest compounded monthly. If your first deposit will be
You are planning to make monthly deposits of $400 into a retirement account that pays 10% interest compounded monthly. If your first deposit will be made 1 month from now, how large will your retirement account be in 30 years?
step by step explanation on the calculator please. I keep getting 904, 115 instead of 904,197.
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
