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2400 is deposited into an account that applies interest monthly at the nominal annual rate of 6 % At the end of each month the

2400 is deposited into an account that applies interest monthly at
the nominal annual rate of 6 % At the end of each month the interest
plus an additional 200 are withdrawn and deposited into a second account
that earns 2% every month. How much is accumulated in the second
accountant the 12 months ?
This Is Financial Math.
Please Solve Out With All Steps Shown, Please Solve out on Paper AND Please Solve Using Formulas
image text in transcribed
2 6% 2400 is deposited into an account that applies interest monthly at the nominal annual rate af At the end of each month the interest plus an additional 200 are with drawn and deposited into a second account month. How much is accummulated in the second account at the end of 12 months ? that earns 2% every

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