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Redo Exercise 29 for the situation in which Ms. Jones withdrew $1000 at the end of the seventh year instead

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Redo Exercise 29 for the situation in which Ms. Jones withdrew $1000 at the end of the seventh year instead of depositing it.


Data in Exercise 29

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? 

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Finite Mathematics And Its Applications

Finite Mathematics And Its Applications

ISBN: 9780137616619

13th Edition

Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel , Jill Simmons

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Question Details
Chapter # 10
Section: 10.2 Exercises
Problem: 30
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Question Posted: January 30, 2023 07:43:48
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