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Your sister deposits 1 , 0 0 0 in her bank account that has 2 5 , 0 0 0 initially and earns an effective

Your sister deposits 1,000 in her bank account that has 25,000 initially and earns an effective 10% annually. The following month, she makes a deposit equivalent to 1,000+ G. The month after that, she made a deposit equivalent to 1,000+2G. That is, she increases her deposits each month by G from the last deposit. By the time that she makes her 25th deposit, her account balance has reached 1,000,000. What linear increment G did she make in her deposits? ANS: 860.1 show solution

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