Question: HW 2C Question 2 This set of problems is designed to be calculated using the Excel or financial calculator . You can also use algebraic

HW 2C

Question 2

This set of problems is designed to be calculated using the Excel or financial calculator. You can also use algebraic formulas. Do not use financial tables to calculate these problems.

To what amount will the following investment accumulate?

$24,531, invested today for 9 years at 13.35 percent, compounded monthly.

Round the answer to two decimal places.

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