4-106. You are making $100 monthly deposits into a savings account that pays interest at a nominal...

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4-106. You are making $100 monthly deposits into a savings account that pays interest at a nominal rate of 3% per year, compounded monthly. What is the future equivalent value of this account after five years? (4.15)

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Engineering Economy

ISBN: 9780134870069

17th Edition

Authors: William Sullivan, Elin Wicks, C Koelling

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Question Posted: Oct 26, 2024 01:00 PM

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4-106. You are making $100 monthly deposits into a savings account that pays interest at a nominal...

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Engineering Economy

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