Business, 05.07.2020 04:01 mbonham481
Mary makes monthly deposits of $450 at the end of each month over 25 consecutive years to support her retirement. If the account earns an interest rate of 7.5%, which amount comes closest to the value of the deposits at the end?
a. $120,938
b. $343,343
c. $382,667
d. $394,767
e. $367,100
Answers: 1
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Mary makes monthly deposits of $450 at the end of each month over 25 consecutive years to support he...
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