Question: Mrs. Simpson is saving for her retirement.If she makes a payment of $1,000 at the end of each month for 15 years and earns a

Mrs. Simpson is saving for her retirement.If she makes a payment of $1,000 at the end of each month for 15 years and earns a rate of 5.25% compounded 12 times per year, how much will she have in her retirement account when she is ready to retire?

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