Question
You are to make monthly deposits of $875 into a retirement account that pays an APR of 9.5 percent compounded monthly. If your first deposit
You are to make monthly deposits of $875 into a retirement account that pays an APR of 9.5 percent compounded monthly.
If your first deposit will be made one month from now, how large will your retirement account be in 34 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Retirement account value in 34 years $
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Forecasting Methods And Applications
Authors: Spyros G. Makridakis, Steven C. Wheelwright, Rob J Hyndman
3rd Edition
0471532339, 9780471532330
