Amita wants to make monthly deposits of $200 into a savings account that offers 1.5% interest compounded
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Amita wants to make monthly deposits of $200 into a savings account that offers 1.5% interest compounded monthly. Use the future balance of a periodic investment formula from Example 3 to determine how long it will take for the account balance to reach $5000. Round to the nearest tenth of a year.
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Dudhat Vaidehi
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Related Book For 
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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