You are planning to make annual deposits of 3840 into a


Calculating Annuity Future Values

You are planning to make annual deposits of $3,840 into a retirement account that pays 10 percent interest compounded monthly. How large will your account balance be in 30 years? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)

Future value $

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Financial Management: You are planning to make annual deposits of 3840 into a
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