Find the accumulated value at the end


Monthly deposits are made into a fund at the beginning of each month for 5 years. The first 12 deposits are $500 each,and deposits increase by 5% every year. Find the accumulated value at the end of 5 years if i^(12) = 0.06.

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Finance Basics: Find the accumulated value at the end
Reference No:- TGS0730485

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