Math problem?

Update:

Mark deposits $600 each month in a retirement plan paying 14% compounded monthly. How much will he have in the account after 20 years?

Comments

  • $780,699.60. When this question comes up in class the teacher will praise you for providing the correct answer. Then the teacher will ask you to show how you obtained the answer. Then what will you do?

    Find the future value of an ordinary annuity. You can use a financial calculator, a spreadsheet function, or a formula.

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