woman deposits an annual bonus into a savings account that pays 6% interest compounded monthly. The size of the bonus increases by 10.5% each year, and the initial bonus amount was $3,500. Seven deposits were made. Determine how much will be the amount 10 years after her last deposit.

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A: Hi, there, Thanks for posting the question. As per our Q&A honour code, we must answer the first…

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A:

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