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3. What is the future worth of $1,000 in month 1, $1,040 in month 2, and amounts increasing by $40 per month through month
3. What is the future worth of $1,000 in month 1, $1,040 in month 2, and amounts increasing by $40 per month through month 12, at the end of year 2 if the interest rate is 23.7631528% per year, compounded continuously?
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To calculate the future worth of the amounts increasing by 40 per month we can use the formula for c...Get Instant Access to Expert-Tailored Solutions
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