You invest your money at the end of each month

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Reference no: EM131881012

You plan to save $160 a month for the next 20 years and hope to earn an average rate of return of 9.6% annually.

i. How much will you have at the end of the 20 years if you invest your money at the end of each month?

ii. How much more will you have at the end of the 20 years if you invest your money at the beginning rather than the end of each month?

Reference no: EM131881012

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