Question: You have a saving plan. Under that plan, you will deposit $500 in a savings account with 12% (APR) at the end of every month.

You have a saving plan. Under that plan, you will deposit $500 in a savings account with 12% (APR) at the end of every month. If you deposit that monthly amount for 10 years, how much your total saving will be at the end of the 10th year?

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