Mr. Balmond deposits 5000 pesos at the end of a month in Dias bank in the city of mobile legends which pays 5% interest compounded monthly. If there were no withdrawals made by mr. balmond, how much will be the future value after 3 years?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 29RE: Alejandro deposits $80 of his monthly earnings into an annuity that earns 6.25% annual interest,...
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Mr. Balmond deposits 5000 pesos at the end of a month in Dias bank in the city of mobile legends which pays 5% interest compounded monthly. If there were no withdrawals made by mr. balmond, how much will be the future value after 3 years?

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