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You and your significant other want to buy an apartment in three years. You talk with your bank and they offer a savings plan offering
You and your significant other want to buy an apartment in three years. You talk with your bank and they offer a savings plan offering a 6% annual return that is compounded on a monthly basis. If you put $100 a month into the plan, how much will you have accumulated after three years?
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Computation of the Future Value of inves...
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