Justin deposited $300 in a savings account at the end of every three months for five years.
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Justin deposited $300 in a savings account at the end of every three months for five years. If the amount earned 5% compounded monthly, and if he left the accumulated money in the account to grow for another three years, calculate the balance in his savings account at the end of the period. What was his total deposit and total earnings?
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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