A student wants to save for her retirement. At the end of every year, she deposits 475 in a brokerage account with an expected annual return of 4.3%. How much money will she have in the account in 30 years? Enter your answer as a number with 2 places of precision (i.e. 1.23). Do not include dollar signs or commas.
A student wants to save for her retirement. At the end of every year, she deposits 475 in a brokerage account with an expected annual return of 4.3%. How much money will she have in the account in 30 years? Enter your answer as a number with 2 places of precision (i.e. 1.23). Do not include dollar signs or commas.
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 34P
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A student wants to save for her retirement. At the end of every year, she deposits 475 in a brokerage account with an expected annual return of 4.3%. How much money will she have in the account in 30 years?
Enter your answer as a number with 2 places of precision (i.e. 1.23). Do not include dollar signs or commas.
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