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Discuss problem related to christmas fund club

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Reference no: EM131556441

Question: SAVINGS ACCOUNTS Linda has joined a "Christmas Fund Club" at her bank. At the end of every month, December through October inclusive, she will make a deposit of $40 in her fund. If the money earns interest at the rate of 7%/year compounded monthly, how much will she have in her account on December 1 of the following year?

Reference no: EM131556441

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