Bill has decided to begin investing for retirement

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Bill has decided to begin investing for retirement. He is going to put his tax raturn of $4,864 into the account today and then set up monthly contributions from his paycheck in the amount of $333. The money will go into an account that earns 5.3 percent annual interest (compounded monthly). How much will he have in the account after 20 years?

Reference no: EM131577465

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