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V. 77, Matt is saving to buy a new motorcycle. If he deposits $45 at the end of each month in an account that pays
Matt is saving to buy a new motorcycle. If he deposits $45 at the end of each month in an account that pays an annual interest rate of 6.5%, how much will he have in 15 months? Assume that the compounding is being done monthly (Round to the nearest dollar.) The account will have $0 in 15 months.
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Practical Financial Management
Authors: William R. Lasher
6th Edition
1439080496, 978-1439080498
