You decide to save $500/month for the next 20 years. You are able to find an investment

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You decide to save $500/month for the next 20 years. You are able to find an investment that instead earns 7.5% annually (interest compound monthly). How much would you have accumulated at the end of 20 years?

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Jun 08, 2023 02:00 AM

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You decide to save $500/month for the next 20 years. You are able to find an investment

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To calculate the future value of the monthly savings of 500 invested at a 75 ... View the full answer

Personal Finance

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