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August 30, 2014

August 30, 2014

Posted by **MATH** on Monday, April 23, 2012 at 9:26pm.

- MATH -
**Reiny**, Monday, April 23, 2012 at 9:32pmI will assume that 7.5% per annum is compounded monthly.

so i = .075/12 = .00625

amount = 30 ( 1.00625^120 - 1)/.00628 = 5337.91

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