How much money will be in account at the end of time period

Reference no: EM131965900

Question: You have decided to place $436 in equal deposits every month at the beginning of the month into a savings account earning 9.43 percent per year, compounded monthly for the next 15 years. The first deposit is made today. How much money will be in the account at the end of that time period? Round the answer to two decimal places. Answer: 14,490.93 Incorrect Response (172,885.66)

Reference no: EM131965900

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