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Exercise 2 . 7 : I invest money in a savings account that pays a nominal interest of 6 % p . a . compounded
Exercise : I invest money in a savings account that pays a nominal interest of pa compounded monthly. I open the account with a deposit of $ and then deposit $ at the end of each month for a period of two years followed by a monthly deposit of $ for the following years. What will be the value of my savings account at the end of the fiveyear period?
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