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Mathematics 14 Online
OpenStudy (anonymous):

$150 is deposited at the end of each month into a savings account earning 2.4% per year compounded monthly. Find the amount of interest included in the 84th payment to the nearest cent.

OpenStudy (anonymous):

I=P(1+r/n)

OpenStudy (anonymous):

P=150 r= 0.024 n=12

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