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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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30 votes
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?

User Art Spasky
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1 Answer

15 votes
15 votes

Answer:

$693,061.34 (±6,500)

Step-by-step explanation:

User Vortex
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