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Mohd posted an Question
April 21, 2021 • 17:23 pm 30 points
  • IIT JAM
  • Physics (PH)

If you invest a dollar at “6% interest compounded monthly,” it amounts to (1.005)^ dollars after n months. if you invest $10 at the beginning of each

If you invest a dollar at “6% interest compounded monthly,” it amounts to (1.005)^n dollars after n months. If you invest $10 at the beginning of each month for 10 years (120 months), how much will you have at the end of the 10 years?

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