How much money was in the pension fund on february 1

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Question: Suppose you were hired on January 1, 2010 and started depositing $300 at the end of each month, with the first deposit on January 31, 2010, in a pension fund that pays interest of 6% per year compounded monthly on the minimum monthly balance and credited at the end of each month. (a) How much money was in the pension fund on February 1, 2010? How much money was in the pension fund on March 1, 2010?

Reference no: EM133608053

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