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Parker's retirement account has a current balance of $25,000. If he adds $600 per month to...

Parker's retirement account has a current balance of $25,000. If he adds $600 per month to the account for the next 30 years, how much will the account be worth? (Assume an interest rate of 11.00% per year).

Group of answer choices

$688,310

$241,000

$2,350,414

$1,682,711

Solutions

Expert Solution

The answer is as follows:

jeff jeffy answered 1 year ago
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