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March 27, 2017

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I need to figure out what a deposit of 3500 a month, with 9 percent intrest compounded monthly, would be in 6 years. Any help would be greatly appreciated.

  • Math - ,

    $3500 * (1.0075)^72 = $5,993.93

    The balance is increased by a factor
    1 + (0.09/12), each month for 72 months.

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