John B. answered • 04/15/20
Tutor
New to Wyzant
Math Teacher for grades 7 through 12
Work it as a geometric progression.
Elijah F.
asked • 04/14/20What is the formula to solve this problem and what is the answer?
a couple deposits $681 per month into an account paying 6% compounded monthly. If payments are made at the end of each period, how much money will be in the account in 7 years?
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