Question: please explain step by step and use the Appropriate finanical formulas for both for example: A= P+I stuff like that 6. Compare the future value

please explain step by step
and use the Appropriate finanical formulas for both for example: A= P+I stuff like that
please explain step by stepand use the Appropriate finanical formulas for both

6. Compare the future value of these 2 situations. Assume monthly compounding for 3% for 30 years. a) Deposit $500 once. b) Deposit $500 monthly

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