You have decided to place $423 in equal deposits every month at the beginning of the month

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You have decided to place $423 in equal deposits every month at the beginning of the month into a savings account earning 12.42 percent per year, compounded monthly for the next 8 years. The first deposit is made today. How much money will be in the account at the end of that time period?

Round the answer to two decimal places.

Posted Date: May 19, 2024 05:14 PM

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You have decided to place $423 in equal deposits every month at the beginning of the month

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