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You deposit $10 at the end of each month for five years in an account paying 6% compounded monthly. What will be the balance in
- You deposit $10 at the end of each month for five years in an account paying 6% compounded monthly.
- What will be the balance in your account at the end of the five-year term? $697.70
- How much of the balance will you have contributed? $600
How much is interest? $97.70
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Financial Management Core Concepts
Authors: Ray Brooks, Raymond Brooks
1st Edition
0321155173, 9780321155177
