Question: J E G D A F B 1 2 3 You are planning to make monthly deposits of $450 into a retirement account that pays

J E G D A F B 1 2 3 You are planning to make monthly deposits of $450 into a retirement account that pays 10 percent Interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 30 years? 5 6 $ 7 Monthly deposit Times compounded per year Interest rate on annuity Number of years 450 12 10% 30 8 9 10 11 12 Complete the following analysis. Do not hard code values in your calculations. Your answer should be positive. 13 14 Future value of annuity 15 16 12 18

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