12-04-2020
Mathematics

contestada

Gina deposits $285 each month in a retirement plan with an ARP of 8.95% compounded monthly. How much will she have after 25 years?

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pkinskid pkinskid

12-04-2020

Answer:

$8,451.39

Step-by-step explanation:

$285 x 25 = 7,125

8.95% of 285 = 25.5 x 25

637.5 + 7, 125

= $7,762.5

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