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You deposit $500 each month into an account earning 5% interest compounded monthly. How much will you have in the account in 25 years?

You deposit $500 each month into an account earning 5% interest compounded monthly. How much will you have in the account in 25 years?
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1 vote
You deposit $500 each month into an account earning 5% interest compounded monthly. How much will you have in the account in 25 years?

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User Dubas
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1 Answer

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After 25 years, you will have approximately $347,682.64 in the account

answered
User Kaushik Ghose
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