Jessie has made $370 deposits at the end of every month for the last 7.5 years...
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Jessie has made $370 deposits at the end of every month for the last 7.5 years into an account earning 3.05% compounded semi-annually. Jessie stops making deposits and leaves the money in the account to grow for another 14 years. How much money will Jessie have in the account at the end of the total 21.5 years? Jessie has made $370 deposits at the end of every month for the last 7.5 years into an account earning 3.05% compounded semi-annually. Jessie stops making deposits and leaves the money in the account to grow for another 14 years. How much money will Jessie have in the account at the end of the total 21.5 years?
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Part i To calculate Jessies earnings for the last 75 years we have A M... View the full answer
Related Book For
Financial Accounting Information For Decisions
ISBN: 978-0324672701
6th Edition
Authors: Robert w Ingram, Thomas L Albright
Posted Date:
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