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Gordon Started Saving $25 a Month at Age 20 in an Account

Question 114

Multiple Choice

Gordon started saving $25 a month at age 20 in an account earning 4% compounded monthly.At age 40,he will have ____ in this account.(Use time value tables or financial calculator.)


A) $6,000
B) $7,170
C) $9,169
D) $9,255
E) $9,890

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