118. Alice deposited $200 into her employee pension fund every month for 10 years until retirement. The

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118. Alice deposited $200 into her employee pension fund every month for 10 years until retirement. The interest rate on this fund was 6% per year compounded continuously. What was the accumulated amount at the time when Alice retired from her job? (4.16)

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Engineering Economy

ISBN: 9781292265001

17th Global Edition

Authors: William G. Sullivan ,Elin M. Wicks ,C. Patrick Koelling

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