Find future value if interest compounded monthly
If you deposit $45,000 in a savings account that pays 10% interest compounded monthly, for 5 years. What is the future value at the end of five years.
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It is always a good idea to verify amounts in the general ledger just to be sure there are no problems or stupid mistakes (since in the real world, there is no answer book).
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Brad and Angelina are a wealthy couply who have three children, Fred, Bridget, and Lisa. Two of the three children, Fred and Bridget, are from Brad's previous marriages.
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