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gewusel gewusel
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6 years ago
Jason deposited $100.00 at the end of each month for five years into an account paying 6% compounded monthly. What will be the balance in the account at the end of the five-year term?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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wrote...
6 years ago
PMT = 100.00; n = 5(12) = 60; i =   = 0.5% = 0.005; I/Y = 6; P/Y = C/Y = 12
FV = 100  = $6977.00

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