How much will you have accumulated at the end, Accounting Basics

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How much will you have accumulated at the end

Suppose that you wish to save for your child's college education by opening up an educational IRA. You plan to deposit $100 per month into the IRA for the next 18 years. Assume that you will be able to earn 10%, compounded monthly, on your investment. How much will you have accumulated at the end of 18 years?

A. $21,600

B. $33,548

C. $60,056

D. $54,719

E. $85,920

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Accounting Basics: How much will you have accumulated at the end

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Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: How much will you have accumulated at the end

Reference No:- TGS093455

Recent Questions Asked Accounting Basics

Q : Case study of nightclub

Q : Use of infant formula

Q : Overspecialization of personnel

Q : What sample size is needed for the power of the test

Q : How much will you have accumulated at the end

Q : Make schedule of cost of goods manufactured

Q : What is the probability of type one error

Q : Accounting for an immaterial amount of overapplied overhead

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