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You have decided to place 582 in equal deposits every month

Finance: FV and PV of annuity non-annually

Question

You have decided to place $582 in equal deposits every month at the beginning of the month into a savings account earning 8.33 percent per year, compounded monthly for the next 9 years. The first deposit is made today. How much money will be in the account at the end of that time period?

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Finance Basics: You have decided to place 582 in equal deposits every month

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Solution Preview :

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Finance Basics: You have decided to place 582 in equal deposits every month

Reference No:- TGS02175710

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