Question: Problem 5-24 Calculating Annuity Future Values [LO 1] You are to make monthly deposits of $875 into a retirement account that pays an APR of
You are to make monthly deposits of $500 into a retirement account that pays an APR of 10.9 percent compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 34 years? Note: Do not round intermediate calculations and round your onswer to 2 decimal places, e.g., 32.16. Answer is complete but not entirely correct
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