Business, 27.07.2020 01:01 dmc79765

Suppose you deposit nothing at the beginning and instead you divide up the $600 into 12 envelopes each with $50. Find the balance after one year if you deposit one $50 envelope each month, all year, into an account that pays 5% APR with monthly compounding.

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Suppose you deposit nothing at the beginning and instead you divide up the $600 into 12 envelopes ea...

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