Mathematics, 08.05.2020 01:57 imlexi12393
Lauren plans to deposit $6000 into a bank account at the beginning of next month and $225/month into the same account at the end of that month and at the end of each subsequent month for the next 4 years. If her bank pays interest at a rate of 3%/year compounded monthly, how much will Lauren have in her account at the end of 4 years?
Answers: 3
+ a((1+ r/n
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Lauren plans to deposit $6000 into a bank account at the beginning of next month and $225/month into...
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