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Calculating Annuity Future Values

You are planning to make annual deposits of $6,330 into a retirement account that pays 10 percent interest compounded monthly. How large will your account balance be in 28 years? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)

  Future value    $   

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M91418047

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