Find the Amount to Which Monthly Deposits of $100

question 51

Essay

Find the amount to which monthly deposits of $100.00 will grow in five years at 4.8% p.a. compounded monthly.

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Definitions:

Independent

Two events are independent if the occurrence of one does not affect the probability of the occurrence of the other.

Dependent

In context of variables, it refers to a variable whose value is influenced or determined by one or more other variables.

Car Colour

The specific hue or shade of paint chosen or used to finish the exterior surface of an automobile.

Independent

Not influenced or controlled by others in matters of opinion, conduct, etc.; thinking or acting for oneself.