How much money will you accumulate by the end of year five

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Reference no: EM131982821

You are saving money to go to graduate school. You've taken your first job and you plan to save $489 each month into the bank account that pays 3.28% compounded monthly for the next five years for your grad school fund. How much money will you accumulate by the end of year five? Please round your answer to the second decimal without dollar sign. e.g. 1.11.

Reference no: EM131982821

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