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ikrabbe ikrabbe
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6 years ago
Payments of $845.00 are made into a fund at the beginning of every month for 5.25 years. If the fund earns interest at 8.4% compounded monthly, what will the balance in the fund be after 5.25 years?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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wrote...
6 years ago
FV (due)   = 845.00 (1.007)
   = 845.00(78.8392388)(1.007)
   = $67085.49
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