Suppose you make 500monthly deposits into a tax-deferred, Ask an Expert

Economics

Suppose you make $500monthly deposits into a tax-deferred retirement plan that pays interest at a rate of 10% per year compound quarterly. Suppose that money deposited during a quarter will not earn any interest. What is the balance at the end of 20 years? Please provide the formula with solution or any excel function?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91711238

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