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Abe deposits $55 each month for 60 years in an account with an APR of 3.5%. Beatrice deposits $110 each month for 30 years
Abe deposits $55 each month for 60 years in an account with an APR of 3.5%. Beatrice deposits $110 each month for 30 years in an account with an APR of 3.5%. a. Verify that Abe and Beatrice deposit the same amount of money during the stated periods of time. How much do they deposit? b. Use technology to compute the accumulated balance in each account and explain the results.
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