Calculate the amount of interest earned on this account

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Reference no: EM131049555

Choose a scenario of savings in a retirement plan such as a 401(k) or an annuity. Plan a monthly deposit (you choose the amount, but be realistic) for 5 years into an account that will earn interest at 5%. Find the future value for this account. Calculate the amount of interest earned on this account.

Reference no: EM131049555

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