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Business, 12.02.2020 03:06 wubzwaters
Assume you will invest $100 per month in an investment earning 11% per year (assume monthly compounding). After 10 years, you stop making the monthly payment. The money you have accumulated after 10 years remains invested and continues to earn 11% (compounded annually) for an additional 20 years (with no further payments made). How much do you have at the end of the total 30 year period?
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