In an effort to save money for early retirement,
Chapter 4, Problem 4.45(choose chapter or problem)
In an effort to save money for early retirement, anenvironmental engineering colleague plans to deposit$1200 per month, starting 1 month from now,into a fixed rate account that pays 8% per year,compounded semiannually. How much will be inthe account at the end of 25 years?
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