Saving - how much is interest earned Starting age Years...

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MGF 1107 Savings Activity: Suppose you deposit $50 per month into an account earning 5% per year compounded monthly. You want to know how much you will have at age 60 if you start the savings plan at various ages. Also calculate how much of the final value is from the deposits and
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Unformatted text preview: how much is interest earned. Starting age Years until 60 Final Value Total $ Deposited Interest earned 20 40 30 40 50 N = I% = PV = PMT = FV = P/Y = C/Y =...
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This note was uploaded on 10/18/2011 for the course MGF 1107 taught by Professor Jameslang during the Fall '11 term at Valencia.

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