Payments of $1000

question 23

Essay

Payments of $1000.00 are made into a fund at the beginning of every month for 10 years. If the fund earns interest at 12% compounded monthly, what will the balance in the fund at the end of the term?

---

Definitions:

Skilled Jobs

Positions that require specialized knowledge, training, and experience, typically involving craftsmanship, professions, or technical expertise.

Diplomacy

The practice of managing international relations through negotiations and dialogue between countries.

Land Rights

Legal rights to own, use, and control land and its resources.

Creeks

An indigenous group from the southeastern part of the United States, commonly referred to as the Muscogee.