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Compounding Question

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If you want to save up a total of $100,000 over the course of the next 8 years and your savings account
earns 4.5% monthly interest, how much must you deposit each month?
 Oct 1, 2013

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 #1
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I don't know what level you are studying at but this is the answer.
I have made some assumptions like the interest is paid at the end of each month.

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 Oct 2, 2013

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