Bozo decides to start saving money. every month he deposits $200 into an account which pays 4% monthly. If Bozo’s first deposit is on May 1, 2021, then how much is in the account immediately after his deposit on November 1, 2027?
Bozo decides to start saving money. every month he deposits $200 into an account which pays 4% monthly. If Bozo’s first deposit is on May 1, 2021, then how much is in the account immediately after his deposit on November 1, 2027?
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 16PROB
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8) Bozo decides to start saving money. every month he deposits $200 into an account which pays 4% monthly. If Bozo’s first deposit is on May 1, 2021, then how much is in the account immediately after his deposit on November 1, 2027?
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