You make $5,100 annual deposits into a retirement account that pays an APR of 10.6 percent compounded monthly.

How large will your account balance be in 31 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answer rating: 100% (QA)

To calculate the future value of the retirement account we can use the formula ... View the full answer