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How much will you expect to have at the end of Senior year

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Question - You want to go to New Zealand as a graduation gift to yourself. You start investing when you're a Freshman and you begin with a deposit of $600 from a summer job you held prior to the start of your first year. You are able to deposit $150 monthly over your next 4 years of college. Your investment is earning a 6% nominal interest rate compounded monthly. How much will you expect to have at the end of your Senior year?

Reference no: EM133133875

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