You have decided to place $167 in equal deposits every month at the beginning of the month
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Question:
You have decided to place $167 in equal deposits every month at the beginning of the month into a savings account earning 17.36 percent per year, compounded monthly for the next 7 years. The first deposit is made today. How much money will be in the account at the end of that time period?
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0134141084
11th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
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