The amount of ($ 150) deposited monthly in an account bearing (4.22 %) interest compounded monthly for

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The amount of $\$ 150$ deposited monthly in an account bearing $4.22 \%$ interest compounded monthly for 20 years.

Find the future value of the ordinary annuities based on the payment, interest rate, compounding periods and length of time given.

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Contemporary Mathematics

ISBN: 9781711470559

1st Edition

Authors: OpenStax

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Question Posted: May 29, 2024 10:00 AM

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The amount of ($ 150) deposited monthly in an account bearing (4.22 %) interest compounded monthly for

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Contemporary Mathematics

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