You have decided to place 254 in equal deposits every month, Finance Basics

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You have decided to place 254 in equal deposits every month

Question: You have decided to place $254 in equal deposits every month at the beginning of the month into a savings account earning 5.79 percent per year, compounded monthly for the next 3 years. The first deposit is made today. How much money will be in the account at the end of that time period? Round the answer to two decimal places.

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Finance Basics: You have decided to place 254 in equal deposits every month

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