To start a new business Beth deposits $1000 at the end of each period in an account that pays 9%, compounded monthly. How much will she have at the end of 6 years? At the end of 6 years, Beth will have approximately $ (Do not round until the final answer. Then round to the nearest hundredth as needed.)
To start a new business Beth deposits $1000 at the end of each period in an account that pays 9%, compounded monthly. How much will she have at the end of 6 years? At the end of 6 years, Beth will have approximately $ (Do not round until the final answer. Then round to the nearest hundredth as needed.)
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 62SE: Rachael deposits $1500 into a retirement fund each year. The fund earns 8.2% annual interest,...
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Transcribed Image Text:To start a new business Beth deposits $1000 at the end of each period in an account that pays 9%, compounded monthly. How much will she have at the end of 6 years?
At the end of 6 years, Beth will have approximately $:
(Do not round until the final answer. Then round to the nearest hundredth as needed.)
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