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Find the amount in the savings act each month

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Reference no: EM13339182

Suppose you start with $1000 and each month you contribute $100. suppose that the interest rate is 6%per year compounding monthy,which is equal to 0.5% each month. use FOR LOOP to find the amount in the savings act each month for next 18 years(create a vector of values). format the output.

Reference no: EM13339182

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