Alani plans to invest $500 into an IRA at the beginning of every month for the next 20 years. She expects to earn 11.00% annually on the IRA. How much will Alani have in the account after the 20 years of monthly investments? Enter your answer as a positive number (round to the nearest dollar if necessary).

Alani plans to invest $500 into an IRA at the beginning of every month for the next 20 years. She expects to earn 11.00% annually on the IRA. How much will Alani have in the account after the 20 years of monthly investments? Enter your answer as a positive number (round to the nearest dollar if necessary).

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 14E

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