Solution-Beginning of every month, Marcia plans on saving

Beginning of every month

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Marcia plans on saving $100 at the beginning of every month for the next 20 years. If she can earn a 7% annual return (assume monthly compounding) , then how much will she have in her account at the end of 20 years?

Reference no: EM131209170

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Beginning of every month : Marcia plans on saving $100 at the beginning of every month for the next 20 years. If she can earn a 7% annual return (assume monthly compounding) , then how much will she have in her account at the end of 20 years?

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Beginning of every month

Reference no: EM131209170

Reference no: EM131209170

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