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You want to save up for retirement in 33 years. Hence you decide that you can afford to save $ 575 per month (at
You want to save up for retirement in 33 years. Hence you decide that you can afford to save $ 575 per month (at the end of the month), with the first payment to be made at the end of month 1. If the bank offers you 8.35% per year on your investment, how much will you have accumulated at retirement?
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To calculate the future value of regular monthly deposits for retirement we can use the f...
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
