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5 July, 13:56

Matt is saving to buy a new motorcycle. If he deposits $45 at the end of each month in an account that pays an annual interest rate of 2.5 %, how much will he have in 36

months? Assume that the compounding is being done monthly.

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  1. 5 July, 16:44
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    1660.5 because 45*12=540+2.5%=553.5+553.5+553.5=1660.5
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