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
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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Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel , Jill Simmons
13th Edition
0137616619, 9780137616619
