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August 30, 2014

Homework Help: value of money

Posted by nmh on Friday, July 8, 2011 at 2:54pm.

Deposits of $1,000, $1,100 and $680 were made into a savings account, the first two years ago, the second 18 months ago, the third 6 months ago. How much is in the account now if the interest on all deposits is 12% compounded semi-annually?

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