You are planning to make monthly deposits of £400 into a retirement account that pays 7 per cent interest compounded monthly. Required: If your first deposit will be made one month from now, how large will your retirement account be in 40 years?(Round your answer to 2 decimal places (e.g., 32.16). The program includes a margin of error of +/- 1%.) The future value of the deposit £

You are planning to make monthly deposits of £400 into a retirement account that pays 7 per cent interest compounded monthly. Required: If your first deposit will be made one month from now, how large...

You are planning to make monthly deposits of £400 into a retirement account that pays 7 per cent interest compounded monthly.

Required:
If your first deposit will be made one month from now, how large will your retirement account be in 40 years?(Round your answer to 2 decimal places (e.g., 32.16). The program includes a margin of error of +/- 1%.)

The future value of the deposit	£

Jun 05, 2022

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