Money. Upon graduation Jessica receives a commission from

Chapter 12, Problem 77

(choose chapter or problem)

Money. Upon graduation Jessica receives a commission from the U.S. Navy to become an ofcer and a $20,000 signing bonus for selecting aviation. She puts the entire bonus in an account that earns 6% interest compounded monthly. The balance in the account after n months is Her commitment to the Navy is 6 years. Calculate What does represent?

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