Question
1200 is deposited into an account that applies interest monthly at the nominal annual rate of 12%. At the end of each month, the interest
1200 is deposited into an account that applies interest monthly at the nominal annual rate of 12%. At the end of each month, the interest plus an addition 100 are withdrawn and deposited into a second account that earns 2% every month. How much is accumulated in the second account at the end of 12 months?
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The Blockchain Developer A Practical Guide For Designing Implementing Publishing Testing And Securing Distributed Blockchain Based Projects
Authors: Elad Elrom
1st Edition
1484248465, 978-1484248461
