You start saving $100 per month in an account that pays 4% interest, compounded monthly. You make the payment at the beginning of each month and...

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You start saving $100 per month in an account that pays 4% interest, compounded monthly. You make the payment at the beginning of each month and interest is applied at the end of each month. How much money will you have in the account in 6 years? Show your work.

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You start saving $100 per month in an account that pays 4% interest, compounded monthly. You make the payment at the beginning of each month and...

  • Written in: 17-Oct-2019
  • Paper ID: 5917336
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DATE ANSWERED

Oct 17, 2019

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