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Business, 27.09.2019 17:10 littledudefromacross

Given a monthly deposit, expressed in dollars, we want to compute the compound value after 6 months. we will base our computations on a 5 percent annual interest rate which corresponds to a 0.05 / 12 = 0.00417 monthly interest rate. we start with deposit dollars in our account. the value after the first month will be given by formula.

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