Solved: You have decided to place 478 in equal deposits every month, Basic Computer Science

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You have decided to place 478 in equal deposits every month

You have decided to place $478 in equal deposits every month at the beginning of the month into a savings account earning 14.33 percent per year, compounded monthly for the next 8 years. The first deposit is made today. How much money will be in the account at the end of that time period?

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Basic Computer Science: You have decided to place 478 in equal deposits every month

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