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# You plan to save \$200 a month for the next 24 years and hope to earn an average rate of return of 10.

You plan to save \$200 a month for the next 24 years and hope to earn an average rate of return of 10.6%. How much more will you have at the end of 24 years if you invest your money at the beginning rather than the end of each month?

Annuity due = \$262 394.25 *... View the full answer

Great question... View the full answer

\$2317.83 , more we will have at the end of 24 year ,... View the full answer

saving at end of the month Per month Saving \$200
Rate 10.50% 030883333 per month interest rate
Time 288 months Future value PMT * [[1+rate )“n—l Irate]
200* [ [1+10.50%f12}h233—1f10.55%f12]...

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