to attend school Sam deposits $130 at the end of every month for two and one half years.what is the accumulated value of the deposits if interest is 8percent compounded annually?
to attend school Sam deposits $130 at the end of every month for two and one half years.what is the accumulated value of the deposits if interest is 8percent compounded annually?
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 14PROB
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![to attend school Sam deposits $130 at the
end of every month for two and one half
years.what is the accumulated value of the
deposits if interest is 8percent compounded
annually?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F51a2b74f-be69-4a8b-86ec-2c29e5c62b36%2F2dbdf89c-f9d3-4f78-b82d-1b849d23e84a%2Fx00kqov_processed.jpeg&w=3840&q=75)
Transcribed Image Text:to attend school Sam deposits $130 at the
end of every month for two and one half
years.what is the accumulated value of the
deposits if interest is 8percent compounded
annually?
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