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Use Annuitites ( show steps ( no excel answer or financial calculator) William deposited $9,000 into a savings account at the beginning of every year
Use Annuitites ( show steps ( no excel answer or financial calculator)
William deposited $9,000 into a savings account at the beginning of every year for 11 years. The account was growing at 4.00% compounded monthly. After the 11-year period, he left the accumulated money in the account to grow for another year. What was the balance in the account at the end of 12 years?
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