Suppose you deposit $75 every month for 21 (variable) years into an account with an APR of 6% compounded monthly. How much will you have in the account at the end of 21 years? Round to 2 decimal places

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Q: Suppose you deposit $75 every month for 21 (variable) years into an account with an APR of 6%…

A: (1) Given information Amount deposited or principal amountP=$75 Rate of interest r=6% ⇒r=6100=0.06…

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