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Discuss the problem of jackson related to savings account

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Reference no: EM131556449

Question: SAVINGS ACCOUNTS If Jackson deposits $100 at the end of each month in a savings account earning interest at the rate of 8%/year compounded monthly, how much will he have on deposit in his savings account at the end of 6 yr, assuming that he makes no withdrawals during that period?

Reference no: EM131556449

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