Question
3. Tara has $81 deducted from her paycheck at the end of each month and put into a savings account earning 9.1% interest compounded monthly.
3. Tara has $81 deducted from her paycheck at the end of each month and put into a savings account earning 9.1% interest compounded monthly. She continues these deposits for 8 years. How much is the account worth at the end of the 8 years?
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Risk Management And Financial Institution
Authors: John C. Hull
2nd Edition
0136102956, 9780136102953
