### How much is now in that account

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Question - Joshua saved every month R200 into an account that yields 8.5% p.a. compounded monthly as from 25 November 2001. He also deposited annually R25 000 of his 13th cheque into that account on the 25th of October 2002, the month of his birthday. It is today, September 26, 2018. How much is now in that account? Use excel and show your calculations.

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