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Interest compounded monthly

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Reference no: EM132120922

You are planning to make annual deposits of $4,440 into a retirement account that pays 9 percent interest compounded monthly. How large will your account balance be in 32 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Reference no: EM132120922

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Interest compounded monthly : You are planning to make annual deposits of $4,440 into a retirement account that pays 9 percent interest compounded monthly
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