If an individual makes monthly deposits of $100 in an account that earns 9% compounded monthly, then
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(a) Find the future value after 36 months (3 years).
(b) Find the future value after 20 years?
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...
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Related Book For 
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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