Suppose you open a regular savings account at bank of, Financial Management

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Suppose you open a regular savings account at bank of

Suppose you open a regular savings account at Bank of America. Go to their website and look up the pitiful rate of interest you will receive on this account. To avoid the $5 monthly fee, begin with a balance of $300 today. And then suppose you save $100 a month for 5 years. How much will you have at the end of 5 years?

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