What was the future worth of the savings

Reference no: EM132162914

Question: Bill made a budget and planned to deposit $150 a month in a savings account, beginning September 1. He did this, but on the following January 1, he reduced the monthly deposits to $100. He made 18 deposits, four at $150 and 14 at $100. If the savings account paid 6% interest, compounded monthly, what was the future worth of his savings immediately after the last deposit?

Reference no: EM132162914

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