You are to make monthly deposits of 625 into a retirement


You are to make monthly deposits of $625 into a retirement account that pays an APR of 11.4 percent compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 34 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Retirement account value in 34 years $

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Financial Management: You are to make monthly deposits of 625 into a retirement
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