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QUESTION
Homework #3B (FV and PV of annuity non-annually)
Homework #3B (FV and PV of annuity non-annually)
Finance
Question 1 (1 point)
You have decided to place $582 in equal deposits every month at the beginning of the month into a savings account earning 8.33 percent per year, compounded monthly for the next 9 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.
