Let's now say we have $50 in a bank account and we deposit an additional $10 per

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Let's now say we have $50 in a bank account and we deposit an additional $10 per month for 5 years. The annual interest rate is 10%, compounded monthly. How much will we have in the account after 5 years rounded to the nearest dollar?

A) $887

B) $692

C) $857

D) $665

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ISBN: 9780136015314

4th edition

Authors: Barbara H. Karlin

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Posted Date: Jul 15, 2021 07:13 AM

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Let's now say we have $50 in a bank account and we deposit an additional $10 per

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The right option is c Explanation Formu... View the full answer

Tax Research

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