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4. Alexander deposits $500 at the beginning of each month (including now) for 3 years. The account earns an APR of 6.3% compounded monthly.
4. Alexander deposits $500 at the beginning of each month (including now) for 3 years. The account earns an APR of 6.3% compounded monthly. What is the amount of interest earned during the 3rd year? a) 1003. 38 1040. 15 1123.38 1160. 15 b) c) d)
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
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