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What will be the balance after six years

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Question - James deposited $150 at the beginning of each month for 2 years into his savings account. For the next 4 years he did not make any more deposits, leaving the money in the account. The bank charges 4% compounded monthly. What will be the balance after six years?

a. $4,395.21

b. $17,828.57

c. $12,208.6

d. $3,752.33

Reference no: EM132590955

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