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Mathematics 8 Online
OpenStudy (anonymous):

. Mr. Sparky puts away $250 from each monthly paycheck into an account that returns 7.89% annual interest compounded monthly for his retirement. a. How much will Mr. Sparky have saved up in his account if he makes these deposits for 20 years? b. How much did he contribute? c. How much interest did he earn in the 20 years?

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