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How much is accumulated over two years

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Question - How much is accumulated over two years in each of the following savings plans?

a. $50 at the end of each month for 24 months at 18 percent compounded monthly.

b. $40 at the end of the first month, $41 at the end of the second month, and so forth, increasing by $1 per month, at 18 percent compounded monthly.

Reference no: EM133133808

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