Vincent saved $160 at the end of every month for 5 years in his bank account that
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Question:
Vincent saved $160 at the end of every month for 5 years in his bank account that earned 3.20% compounded monthly. a. What is the accumulated value of his savings at the end of the period? a. $10,208.44 b. $10,395.66 c. $130,208.44 d.$795.66 b. What is the interest earned over the period?
a.$635.66 b. $10,395.66 c.$955.66 d. $795.66
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
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