Question
A relative decides to save $30 on each of your birthdays (that is, $30 on your first birthday, $60 on your second, $90 on the
A relative decides to save $30 on each of your birthdays (that is, $30 on your first birthday, $60 on your second, $90 on the third, etc.). This money is deposited into an account that has an annual interest rate of 3.2% that compounds each month. How much money will there be on your 5th birthday (including the money saved for the 5th birthday)?
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AS Accounting For AQA
Authors: David Cox,Michael Fardon
2nd Edition
1905777140, 978-1905777143
