Interest compounded monthly

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You are planning to make monthly deposits of $460 into a retirement account that pays 10 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 30 years?

Reference no: EM13922355

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Interest compounded monthly : You are planning to make monthly deposits of $460 into a retirement account that pays 10 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 30 years.

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