You are to make monthly deposits of $500 into a retirement account that earns an APR of
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You are to make monthly deposits of $500 into a retirement account that earns 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 35 years?
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Related Book For
Essentials of Corporate Finance
ISBN: 978-1260013955
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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