For the next 15 years, you will deposit $1,500 every month in a savings account. The account pays 6% interest compounded monthly. What is the future value of this series? O a. 436,228.07 O b. 149,891.29 O c. 93,585.77 O d. 72796.45 4

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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QUESTION 3
For the next 15 years, you will deposit $1,500 every month in a savings account. The account pays 6% interest
compounded monthly. What is the future value of this series?
O a. 436,228.07
O b. 149,891.29
O c. 93,585.77
O d. 72796.45
Transcribed Image Text:QUESTION 3 For the next 15 years, you will deposit $1,500 every month in a savings account. The account pays 6% interest compounded monthly. What is the future value of this series? O a. 436,228.07 O b. 149,891.29 O c. 93,585.77 O d. 72796.45
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