If ICICI Bank pays you an 8% annual interest, compounded monthly. Suppose you deposit Rs 100 each
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Question:
If ICICI Bank pays you an 8% annual interest, compounded monthly. Suppose you deposit Rs 100 each month for 18 years. a) What is the total amount you deposited? b) What is the future value of the account (at the end of the 18 years)?
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