A newlywed couple decides to stop going out to lunch every day and instead brings their

Chapter 12, Problem 65

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A newlywed couple decides to stop going out to lunch every day and instead brings their lunch. They estimate it will save them $100 per month. They invest that $100 on the first of every month into an account that is compounded monthly and pays 5% interest. How much will be in the account at the end of 3 years?

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