How much money will be in the account

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Reference no: EM131189178

Suppose a recent college graduate's first job allows her to deposit $100 at the end of each month in a savings plan that earns 9%, compounded monthly.

This savings plan continues for 8 years before new obligations make it impossible to continue. If the accrued amount remains in the plan for the next 15 years without deposits or withdrawals, how much money will be in the account 23 years after the plan began?

Reference no: EM131189178

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