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Here are a few sample questions but not the questions I need solved so you have an idea of what to expect.
1) At the time of her grandsons birth, a grandmother deposits 5,000 in an account that pays 4% compounded monthly. What will the value be at his 21st birthday?
2) A passbook savings account has a rate of 9% find the effective annual yield. Round to nearest 10th of a percent if compounded monthly.
3) in order to save 130,000 in 12 years you should deposit how much each month
4) at age 25, to save for retirement, you decide to deposit $80 at the end of each month in an IRA account the pays 4.5 % compounded monthly. how much will you have at age 65?
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