1. Ms. Jones deposited $100 at the end of each month for 10 years into a savings...

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1. Ms. Jones deposited $100 at the end of each month for 10 years into a savings account paying 2.1% interest compounded monthly. However, she deposited an additional $1000 at the end of the seventh year. How much money was in the account at the end of the 10th year?
2. Redo Exercise 1 for the situation in which Ms. Jones withdrew $1000 at the end of the seventh year instead of depositing it?
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Finite Mathematics and Its Applications

ISBN: 978-0134768632

12th edition

Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair

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