Kristina saves $20 at the end of each week and deposits the money in an account paying

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Kristina saves $20 at the end of each week and deposits the money in an account paying 4% compounded monthly.
(a) How much will she accumulate in 10 years?
(b) How much of the accumulated amount is interest?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 03:58 AM

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Kristina saves $20 at the end of each week and deposits the money in an account paying

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Contemporary Business Mathematics with Canadian Applications

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