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Mr. Sparky puts away $250 from each monthly paycheck into an account that returns 7.89% annual interest compounded monthly for his retirement how much will Mr. Sparky have saved up in his account if he
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Mr. Sparky puts away $250 from each monthly paycheck into an account that returns 7.89% annual interest compounded monthly for his retirement how much will Mr. Sparky have saved up in his account if he makes these deposits for 20 years?

User Haruka
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1 Answer

6 votes
250x20=5000
7.89%of 5000 is 394.5

your welcome and a half :)
User Indubitablee
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