s1610184 s1610184

16-10-2021
Business

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What is the amount you can withdraw at the end of 20 years if you make $1,500 monthly deposit at a nominal annual rate of 6% compounded monthly?

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user34329842328 user34329842328

16-10-2021

Answer:

$693,061.34 (±6,500)

Explanation:

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