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How much will kathy have saved after 12 months

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Reference no: EM132142223

Starting with her next salary payment (next month), Kathy intends to save $200 each month. If the interest rate is 1% per month, how much will Kathy have saved after 12 months (12 deposits altogether over 12 months)?

Fill in the blank with the correct answer, rounded to 2 decimal places.

12 months later (in month 12), Kathy would have _________ in the bank account.

Reference no: EM132142223

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