You open a brand-new savings account January 1, 2021. every paycheck you earn you deposit $25 into a savings account and you never make any withdrawals from this account. your savings account makes 0.01% interest and is compounded monthly. Assuming you get paid every two weeks how much money will you have at the end of the year?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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You open a brand-new savings account January 1, 2021. every paycheck you earn you deposit $25 into a savings account and you never make any withdrawals from this account. your savings account makes 0.01% interest and is compounded monthly. Assuming you get paid every two weeks how much money will you have at the end of the year?

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