Round to two decimal places 10:00Done2) You deposit $100 every month in an account paying 1% annual rate compounded monthly. Howmuch money will you have after 10 years?"The account balance after 10 years will be

Every month = $100 Rate = 1% ( compounded monthly) Money after 10 years=? Formula : Future value…

Answered: 2) You deposit $100 every month in an…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter7: Exponents And Exponential Functions

Section7.7: Writing Exponential Functions

Problem 8CYU

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2) You deposit $100 every month in an account paying 1% annual rate compounded monthly. How much money will you have after 10 years? "The account balance after 10 years will be.