How much will you have in your 401-k account after working, Financial Management

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How much will you have in your 401-k account after working

Every month, your employer deposits $1200 into your 401-K account, with the first payment made 1 month from now. The stated annual rate of return on 401-K account is 12%. How much will you have in your 401-K account after working for 5 years, assuming no additional contribution was made?

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Financial Management: How much will you have in your 401-k account after working

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