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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 90
As a part of his retirement planning strategy, Mark Woodson deposits $125 each payday into an investment account at 3% interest compounded monthly. Mark gets paid on the first day of each month.
a. How much will his account be worth in 5 years
b. How much will his account be worth in 15 years
a. How much will his account be worth in 5 years
b. How much will his account be worth in 15 years
Explanation
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Calculating the future value of an ordin...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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