Assume that you will be able to earn 10 compounded monthly, Finance Basics

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Assume that you will be able to earn 10 compounded monthly

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. $54,719
C. $85,920
D. $60,056
E. $33,548

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Finance Basics: Assume that you will be able to earn 10 compounded monthly

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Finance Basics: Assume that you will be able to earn 10 compounded monthly

Reference No:- TGS0639392

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Recent Questions Asked Finance Basics

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Finance Basics: Assume that you will be able to earn 10 compounded monthly

Reference No:- TGS0639392

Recent Questions Asked Finance Basics

Q : In terms of organizational costs which of the following

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