Matt is saving to buy a new motorcycle. If he deposits $45 at the end of...
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Matt is saving to buy a new motorcycle. If he deposits $45 at the end of each month in an account that pays an annual interest rate of 7.5%, how much will he have in 30 months? Assume that the compounding is being done monthly. Matt will have $1,354.09 in 30 months. (Round to the nearest cent as needed.) Matt is saving to buy a new motorcycle. If he deposits $45 at the end of each month in an account that pays an annual interest rate of 7.5%, how much will he have in 30 months? Assume that the compounding is being done monthly. Matt will have $1,354.09 in 30 months. (Round to the nearest cent as needed.)
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Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Posted Date:
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