Planning to make monthly deposits

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Reference no: EM131489046

You are planning to make monthly deposits of $458 into a retirement account that pays 6.3 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 31 years? (Round time value factors to 6 decimal places and final answer to the nearest dollar amount. Omit the "$" sign and commas in your response. For example, $123,456 should be entered as 123456.)

Reference no: EM131489046

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