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If Jackson deposits $80 at the end of each month in a savings account earning interest at a rate of 3%/year compounded monthly, how much
If Jackson deposits $80 at the end of each month in a savings account earning interest at a rate of 3%/year compounded monthly, how much will he have on deposit in his savings account at the end of 6 years, assuming he makes no withdrawals during that period? (Round your answer to the nearest cent.) $
Robin, who is self-employed, contributes $5500/year into a Keogh account. How much will he have in the account after 20 years if the account earns interest at the rate of 5.5%/year compounded yearly? (Round your answer to the nearest cent.) $
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