client at ZBX Fin Planning currently has $95,000 in their retirement account that is expected to earn 10.56% APR compounded monthly.  In addition, the client will continue to deposit $950 per month into the same account, with next deposit one-month from today.  Given the above current balance and deposit plan, how much will the client have in 9 years? Enter answer in dollars, ro

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Another client at ZBX Fin Planning currently has $95,000 in their retirement account that is expected to earn 10.56% APR compounded monthly.  In addition, the client will continue to deposit $950 per month into the same account, with next deposit one-month from today.  Given the above current balance and deposit plan, how much will the client have in 9 years?

Enter answer in dollars, rounded to nearest dollar. 

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