How much is in account after five years, Microeconomics

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How much is in account after five years

You open a savings account to save for a new house. Every month you put $100 into a savings account which pays 5% interest compounded monthly. At the end of each year you receive a $500 bonus which you place directly into your "house fund". How much is in this account after 5 years?

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Microeconomics: How much is in account after five years

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Microeconomics: How much is in account after five years

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Recent Questions Asked Microeconomics

Q : Which one of the following statements is correct

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: How much is in account after five years

Reference No:- TGS062391

Recent Questions Asked Microeconomics

Q : Which one of the following statements is correct

Q : What is the formula for indifference curves

Q : Requirements for consolidated financial statement

Q : Design a mealy type state

Q : How much is in account after five years

Q : It was the last mentor observation

Q : Calculate the equilibrium price and quantity

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