Donna deposits $250 per month to a 401-K account that pays interest at 10.8 percent interest compounded monthly. Deposit

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answerhappygod
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Donna deposits $250 per month to a 401-K account that pays interest at 10.8 percent interest compounded monthly. Deposit

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Donna deposits $250 per month to a
401-K account that pays interest at 10.8 percent interest
compounded monthly. Deposits are made end of every
month. Her employer matches the deposit at 100
percent. However, the employer deposits the money once a year
- at year end.
What is the total balance in the
account at the end of 25th year?
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