Find the future value of the investment. (Round your answer to the nearest cent.) $ $100 deposited at the end of each month for 5 years at 4.25% interest compounded monthly

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 21E
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Find the future value of the investment. (Round your answer to the nearest cent.)
$100 deposited at the end of each month for 5 years at 4.25% interest compounded monthly
Transcribed Image Text:Find the future value of the investment. (Round your answer to the nearest cent.) $100 deposited at the end of each month for 5 years at 4.25% interest compounded monthly
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