Samantha made regular, equal deposits into a savings account at the end of every month for three
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Samantha made regular, equal deposits into a savings account at the end of every month for three years. Her investments were earning 5% compounded quarterly and grew to $12,800 at the end of three years. Calculate the size of her month- end deposits. After the above period, if she continues making the same month-end deposits, how long will it take to accumulate to $45,000?
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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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