Monthly payments of 200 are made into a retirement account, Finance Basics

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Monthly payments of 200 are made into a retirement account

Question: Monthly payments of $200 are made into a retirement account. The expected rate of return on this investment is 8% per year. What would be the expected future value of money put into this account in 40 years (480 months)? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: Monthly payments of 200 are made into a retirement account

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