Question: Mandy opened an account on 1 June 2 0 0 9 with a deposit of 5 5 . 0 0 0 Commencing on 1 July

Mandy opened an account on 1 June 2009 with a deposit of 55.000Commencing on 1 July 2009 Mandy made monthly deposits of $100 and these will continue up to and including 1 July 2013, If the account earns interest at the rate of 12% per annum, how much will be in the account on I December 2013?

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