Sarah opens an investment account with an initial deposit of $ 900. She then sets up monthly deposits of $ 80 to the account. If the account earns 3% interest compounded monthly, how much money will she have in the account in 6 years?
Sarah opens an investment account with an initial deposit of $ 900. She then sets up monthly deposits of $ 80 to the account. If the account earns 3% interest compounded monthly, how much money will she have in the account in 6 years?
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 1PROB
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Sarah opens an investment account with an initial deposit of $ 900. She then sets up monthly deposits of $ 80 to the account. If the account earns 3% interest compounded monthly, how much money will she have in the account in 6 years?
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