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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 25
The Mesa Grande Bank is paying 9% interest compounded monthly.
a. If you deposit $100 into a savings plan at the beginning of each month, how much will it be worth in 10 years
b. How much would the account be worth if the payments were made at the end of each month rather than at the beginning
a. If you deposit $100 into a savings plan at the beginning of each month, how much will it be worth in 10 years
b. How much would the account be worth if the payments were made at the end of each month rather than at the beginning
Explanation
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(a)
Calculate the future value of an or...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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