You are to make monthly deposits of $300 into a retirement account that pays 12 percent interest

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You are to make monthly deposits of $300 into a retirement account that pays 12 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 30 years?

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Essentials Of Corporate Finance

ISBN: 9780073405131

6th Edition

Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan

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Question Posted: Apr 24, 2012 07:12 AM

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You are to make monthly deposits of $300 into a retirement account that pays 12 percent interest

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Essentials Of Corporate Finance

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