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How much will you have accumulated at the end of 18 years?

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Suppose that you wish to save for your child's college education by opening up an educational IRA. You plan to deposit $100 per month into the IRA for the next 18 years. Assume that you will be able to earn 10%, compounded monthly, on your investment. How much will you have accumulated at the end of 18 years?;A. $21,600;B. $33,548;C. $60,056;D. $54,719;E. $85,920

 

Paper#27199 | Written in 18-Jul-2015

Price : $38
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