$Ch6$ Assignment $1$

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Problem $6-24$ Calculating Annuity Future Values $[$LO$1]$

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You are planning to make monthly deposits of $$420$ into a retirement account that pays $8$ percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in $25$ years? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

$\backslash$table$[[$Future value,$$,409,589,88$