How much will troy contribute

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Troy is saving for his retirement 20 years from now by setting up a savings plan. he has set up a savings plan wherein he will deposit $148 at the end of each month for the next 15 years. interest will be 8% compounded monthly.

Problem a) how much money will be in his account on the date of his retirement?

Problem b) how much will troy contribute?

Problem c) how much will be interest?

Reference no: EM133009668

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