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Kindly solve both of them correctly for question 1 u have to find the intrest earned during each yeat for 1st 3 years ..so 3
Kindly solve both of them correctly for question 1 u have to find the intrest earned during each yeat for 1st 3 years ..so 3 answers for 1st question
Beginning in January, a person plans to deposit $1000 at the end of each month into an account earning 15% compounded monthly. Each year taxes must be paid on the interest earned during that year. Find the interest eamed during each year for the first 3 years. The interest earned during the first year is 3 (Round to the nearest cent as needed) You can afford monthly deposits of $260 into an account that pays 3.6% compounded monthly How long will it be until you have $10,300 to buy a boat? Type the number of months: (Round to the next-higher month if not exact.)Step by Step Solution
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