that is compounded monthly. How much money will be in his retirement account at the end of 45 years

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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Marquel's employer contributes $750 semi- annually to his retirement account, which earns 13% interest
that is compounded monthly. How much money will be in his retirement account at the end of 45 years?
Transcribed Image Text:Marquel's employer contributes $750 semi- annually to his retirement account, which earns 13% interest that is compounded monthly. How much money will be in his retirement account at the end of 45 years?
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