You are to make monthly deposits of 500 into a retirement, Ask an Expert

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You are to make monthly deposits of $500 into a retirement account that pays 10.9 percent interest compounded monthly.

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If your first deposit will be made one month from now, how large will your retirement account be in 34 years?

(Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92813657

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