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How much will Cameron contribute

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Question - Cameron is saving for his retirement 22 years from now by setting up a savings plan. He has set up a savings plan wherein he will deposit $101.00 at the end of each month for the next 11 years. Interest is 11% compounded monthly.

(a) How much money will be in his account on the date of his retirement?

(b) How much will Cameron contribute?

(c) How much will be interest?

Reference no: EM133007718

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