Question: How do I solve: You have decided to place $394 in equal deposits every month at the beginning of the month into a savings account
How do I solve:
You have decided to place $394 in equal deposits every month at the beginning of the month into a savings account earning 9.34 percent per year, compounded monthly for the next 3 years. The first deposit is made today. How much money will be in the account at the end of that time period?
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