One day before the end of the month, George had an opening balance of m dollars in
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One day before the end of the month, George had an opening balance of m dollars in an account that pays 1.25% interest compounded monthly. On the last day of the month, he made a deposit equal to twice his opening balance. Express his ending balance on the last day of the month algebraically.
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Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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