You plan to save $160 per month starting today for the next 35 years "just to start the month off right." You feel th percent compounded monthly. How much will there be in the account 35 years from today? Multiple Choice $495,081.17

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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You plan to save $160 per month starting today for the next 35 years "just to start the month off right." You feel that you can earn an interest rate of 9.2
percent compounded monthly. How much will there be in the account 35 years from today?
Multiple Choice
$495,081.17
$464,236.45
$433,391.74
$473,263.78
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Transcribed Image Text:You plan to save $160 per month starting today for the next 35 years "just to start the month off right." You feel that you can earn an interest rate of 9.2 percent compounded monthly. How much will there be in the account 35 years from today? Multiple Choice $495,081.17 $464,236.45 $433,391.74 $473,263.78 < Prev 20 of 20 BOD BUD B00 eck m Next
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