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If you decide to deposit $96 per month into an account earning 4.8% annual interest compounded monthly. (round to the penny) a. How much money will the account contain in 10 years? $ b. How much money did you deposit in total over the 10 years? $

If you decide to deposit $96 per month into an account earning 4.8% annual interest compounded monthly. (round to the penny) a. How much money will the account contain in 10 years? $ b. How much money did you deposit in total over the 10 years? $

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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decide to deposit $96 per month into an account earning 4.8% annual interest compounded monthly. (round to the penny) If you a. How much money will the account contain in 10 years? $ b. How much money did you deposit in total over the 10 years? $
Transcribed Image Text:decide to deposit $96 per month into an account earning 4.8% annual interest compounded monthly. (round to the penny) If you a. How much money will the account contain in 10 years? $ b. How much money did you deposit in total over the 10 years? $
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