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Very confused on these compounding problems 3. 300 dollars is invested at the end of each month into an account that earns 6% compounded monthly.
Very confused on these compounding problems
3. 300 dollars is invested at the end of each month into an account that earns 6% compounded monthly. How much will be in this account after 5 years? How much interest is earned? 4. How much money should be invested at the end of each month into an account that pays 6.35% compounded monthly in order to have 200,000 dollars in 15 years Step by Step Solution
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