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Please help me with my homework 🥹

 Dec 3, 2022
 #1
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Use this formula to find the FV:

 

P=300;   R=0.04/12;  N=3*12;    FV=P*((1 + R)^N - 1)/ R

 

FV = $ 11,454.47 - FV of the account after 3 years.

 

Note: I took 4% APR as compounded monthly.

 Dec 3, 2022

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