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Lennon is making monthly contributions of of $410 to his savings account which at the APR of 5%, compounded monthly. Right after Lennon makes
Lennon is making monthly contributions of of $410 to his savings account which at the APR of 5%, compounded monthly. Right after Lennon makes his 31st contribution, the pays interest bank changes the APR to 4.3% and Lennon makes 39 more $410 contributions. What is Lennon's balance right after his last contribution? $
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
