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Retirement account that pays interest compounded monthly

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Reference no: EM13726630

You are to make monthly deposits of $725 into a retirement account that pays 10.1 percent interest compounded monthly.

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If your first deposit will be made one month from now, how large will your retirement account be in 33 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16))

Reference no: EM13726630

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