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Alex has decided to place $652 in equal deposits every month at the beginning of the month into a savings account earning 12.

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Alex has decided to place $652 in equal deposits every month at the beginning of the month into a savings account earning 12.23 percent per year, compounded monthly for the next 11 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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Amount of annuity due is the value of payments... View the full answer

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