hollyperry1980 hollyperry1980
  • 20-03-2024
  • Mathematics
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Veronica plans to make a $95.00 a month annunity payment to build up her savings. How much can she save in 10 years with this plan if the interest is compounded monthly?

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becqueremmanuel becqueremmanuel
  • 20-03-2024

Answer: So, Veronica can save approximately $16,285.40 in 10 years with monthly annuity payments of $95.00 compounded monthly, assuming an annual interest rate of 5%.

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