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You have decided to place $972 in equal deposits every month at the beginning of the...

You have decided to place $972 in equal deposits every month at the beginning of the month into a savings account earning 14.83 percent per year, compounded monthly for the next 12 years. The first deposit is made today. How much money will be in the account at the end of that time period?

Round the answer to two decimal places.

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Answer #1

future value of money in the account at the end of the time period = $ 387,223.40

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