Question
Jennifer has $9,000 invested in a money market account that pays 1.5% interest compounded monthly at the end of each month. She makes deposits at
Jennifer has $9,000 invested in a money market account that pays 1.5% interest compounded monthly at the end of each month. She makes deposits at the end of each month of $200 . How much will she have in the account after 3 years?
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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
