Solution-Suppose a recent college graduate first job

Suppose a recent college graduate first job

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Reference no: EM132038867

Suppose a recent college graduate's first job allows her to deposit $200 at the end of each month in a savings plan that earns 6%, compounded monthly. This savings plan continues for 11 years before new obligations make it impossible to continue. If the accrued amount remains in the plan for the next 15 years without deposits or withdrawals, how much money will be in the account 26 years after the plan began? (Round your answer to the nearest cent.)

Reference no: EM132038867

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Suppose a recent college graduate first job

Reference no: EM132038867

Reference no: EM132038867

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