To start a new business Beth deposits $1500 at the end of each period in an account that pays 9%, compounded monthly. How much will she have at the end of S years? At the end of 9 years, Beth will have approximately S.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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To start a new business Beth deposits $1500 at the end of each period in an account that pays 9%, compounded monthly. How much will she have at the end of S
years?
At the end of 9 years, Beth will have approximately $
(Do not round until the final answer. Then round to the nearest hundredth as needed.)
Transcribed Image Text:To start a new business Beth deposits $1500 at the end of each period in an account that pays 9%, compounded monthly. How much will she have at the end of S years? At the end of 9 years, Beth will have approximately $ (Do not round until the final answer. Then round to the nearest hundredth as needed.)
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