Math106

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A couple deposits 459 per month paying 6% compounded monthly how much would be in the account in 5 years

  • Math106 -

    paym = 459
    n = 5(12) = 60
    i = .06/12 = .005

    amount = 459 ( 1.005^60 - 1)/.005
    = ...

    you do the button-pushing.

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