A bank account pays 19.2% interest with
Chapter , Problem 9-25(choose chapter or problem)
A bank account pays 19.2% interest with monthlycompounding. A series of deposits started with adeposit of $5000 on January 1, 2007. Deposits inthe series were to occureach6 months.Each depositin the series is for $150 less than the one before it.The last deposit in the series will be due on January1, 2022. What is the future worth of the account onJuly 1, 2024, if the balance was zero before the firstdeposit and no withdrawals are made?
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